Global X Funds' MLP ETF passes USD500m mark at five-year anniversary

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Global X Funds has marked the fifth anniversary of the Global X MLP ETF with news that the fund has surpassed USD500 million in assets.

The fund was launched on 18 April 2012.
It carries a management fee (0.45 per cent) that is more than 40 per cent less than the industry's average management fee for MLP exchange traded products (0.78 per cent).
MLPA aims to invest in among the largest, most liquid midstream master limited partnerships. The ETF tracks the Solactive MLP Infrastructure Index and is in the USD2.4 billion income suite of Global X's funds. Over the last 12 months, the fund has more than doubled its assets under management and took in nearly USD240 million in net inflows.
"Despite the low oil price environment, midstream MLPs have demonstrated that their business models built on the transportation and storage of oil and natural gas remain robust," says Jay Jacobs, director of research of Global X. "Increasingly, investors are exploring low cost, passive exposure to midstream MLPs as a potential source of yield."

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