• Turnaround in negative sentiment driven partly by an improved energy outlook and earnings results helped midstream MLPs stage a comeback in Q2 2016.
• Midstream MLPs were prudent to recalibrate capital expenditure and distribution pay-outs in an effort to strengthen their balance sheets and coverage ratios given the vagaries of the energy markets.
• Valuations of midstream MLPs remain below historical levels and attractive distribution yields help midstream MLP outperform yield-driven peers.
For more information contact:
ETF Securities Research team
ETF Securities (UK) Limited
T +44 (0) 207 448 4336
E info@etfsecurities.com
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