https://seekingalpha.com/article/4199753-mid-year-outlook-infrastructure-mlps-cef-marketInfrastructure equities and closed-end funds (in general) both present an attractive investment opportunity.
Within infrastructure, MLPs look especially attractive as many are working to simplify their structures, lower leverage, and higher distribution coverage, factors that should help to improve governance and long-term returns.
MLP and Energy Infrastructure closed-end funds are sectors with strong relative value as their underlying assets have strong fundamentals, and we believe the funds are at compelling valuations with discounts.
Given the current market environment, we are finding more value broadly in equity over fixed-income closed-end funds.
Many closed-end funds continue to trade at a discount, which offers an attractive buying opportunity for both equity and select fixed-income funds.
