The Yorkville High Income MLP ETF (YMLP) outpaced more than 90 per cent of exchange-traded funds launched in 2012 as measured by net asset inflows.
YMLP was the fifth most successful US-listed equity ETF and 11th most successful US-listed ETF launched in 2012 overall in terms of inflows out of 174 peers.
YMLP, launched on 13 March, 2012, has surpassed USD100m in assets under management in less than 10 months of trading.
Darren Schuringa, managing partner of Yorkville ETF Advisors, points to several reasons for the success of the fund.
• The 30 Day SEC Yield as of 31 December was 8.33 per cent for YMLP.
• The rules-based index that YMLP tracks aims to identify those MLPs least likely to cut their distributions and most likely to increase them.
• Broader access to the MLP asset class and the demand for US energy infrastructure.
“Our success since launch shows us that investors want stable high income sources in the energy infrastructure space,” says Schuringa. “MLPs offer equity income exposure to the North American energy development revival and we believe investors will be rewarded in strategies that offer true diversification within the asset class.”
