Investment researcher Morningstar was out recently with a warning on one the category’s most popular funds, ALPS Alerian MLP ETF (NYSEArca: AMLP). [Morningstar Warns on MLP ETF Taxes]

MLP ETFs and exchange traded notes have added over $200 million in assets since mid-October, reports Murray Coleman for MarketWatch. [MLP ETFs in Focus After Hurricane Sandy]

“The average investor is probably best served buying MLPs in an IRA (individual retirement account) through an ETN, which typically receives better tax treatment than an ETF since it represents a note tied to the performance of an underlying index and doesn’t actually own securities,” Austin Poirier, a senior investment advisor at Ballentine Partners, said in the article.

MLP ETFs include:

  • ALPS Alerian MLP ETF
  • First Trust North American Energy Infrastructure Fund (NYSEArca: EMLP)
  • Global X MLP ETF (NYSEArca: MLPA)
  • Yorkville High Income MLP ETF (NYSEArca: YMLP)

MLP ETNs include:

  • JP Morgan Alerian MLP Index ETN (NYSEArca: AMJ)
  • Credit Suisse Master Limited Partnerships ETN (NYSEArca: MLPN)
  • Morgan Stanley Cushing MLP High Income Index ETN (NYSEArca: MLPY)
  • UBS ETRACS Alerian MLP Infrastructure ETN (NYSEArca: MLPI)
  • UBS ETRACS 2xMonthly Leveraged Long Alerian MLP Infrastructure ETN (NYSEArca: MLPL)
  • UBS ETRACS Alerian Natural Gas MLP ETN (NYSEArca: MLPG)
  • UBS E-TRACS Alerian MLP Index ETN (NYSEArca: AMU)
  • UBS ETRACS Wells Fargo MLP Index ETN (NYSEArca: MLPW)
  • UBS ETRACS 1xMonthly Short Alerian MLP Infrastructure TR* ETN (NYSEArca: MLPS)

For more information on master limited partnerships, visit our MLPs category.

Max Chen contributed to this article.