MLPs energized

Master limited partnerships are growing on institutional investors because of their high distributions and strong risk-adjusted returns.

P&IQ
Historically, retail investors have dominated MLP investing. Recent hiring activity, however, indicates that is changing.
Tortoise Capital Advisors, Bloomberg
Institutional investors have been lured by MLPs' attractive payouts as an alternative to lower-yielding investments.
Bloomberg LP
Since its inception, the Alerian MLP index, which tracks the 50 “most prominent” MLPs, has exhibited higher risk-adjusted returns than similar income-generating indexes.
Bloomberg LP
In recent years, MLPs have become a less effective diversification tool, as correlations with broader indexes have risen.