Another choice is the Guggenheim Multi-Asset Income ETF (NYSEArca: CVY) focuses in on income producing vehicles from uncommon areas of the market. REITs, ADRs, MLPs, CEFs and preferred stocks are all bundled into this ETF. The fund has managed to be a low-volatility play that gives risk-adjusted returns for the long term. CVY yields 5.1% and is up 12.8% year-to-date. [Multi Asset ETFs for Yield and Stability]
The JP Morgan Alerian MLP Index ETN (NYSEArca: AMJ) is an ETN that does carry credit risk. The Master Limited Partnership play is less risky than other energy plays, and focuses on the transportation, storage, processing and separation of the commodity. The Hurricane Sandy disaster is creating more opportunity for an investment of the logistics of gas and oil movement. A 4.9% yield and a year-to-date return of 8.2%, the case for investing in AMJ is just getting started. [Warning on MLP ETF Taxes]
JP Morgan Alerian MLP Index ETN
Tisha Guerrero contributed to this article.