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Rating:A Steelpath Mutual Fund Catches the WSJ's Eye Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, February 24, 2011

A Steelpath Mutual Fund Catches the WSJ's Eye

News summary by MFWire's editors

In the Thursday edition of the Wall Street Journal Fund Track, Ben Lefebvre casts his sights on Steelpath's MLP Alpha Fund. The fund, which debuted March 31, 2010 and currently has AUM of $253.9 million, is the first pure MLP mutual fund available to retail investors.

Lefebvre notes that MLPs began gaining popularity around 18 months ago, but their "convoluted" company structures and tax obligations have discouraged some prospective investors from pursuing them. This scenario presents an opportunity for MLP mutual funds.

Among those quoted in the article are Steelpath director of research Brian Watson and Morningstar stock analyst Jason Stevens.  

Edited by: Hung Tran


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