The MLP Sector, primarily comprised of oil & gas infrastructure companies, has lost significant value over the last six months. It has underperformed the S&P 500 by more than 20% and is now at the cheapest level in the five years relative to the high-yield market.
The latest catalyst for the selloff was an announcement on March 15th from Federal Energy Regulatory Commission (FERC) announced some obscure tax changes.
This article on Bloomberg summarizes what happened and provides an outlook for the sector.
