Some market observers are concerned that some of the holdings in AMJ, AMLP and other MLP exchange traded products could follow Kinder Morgan (NYSE: KMI) and slash dividends as an avenue for conserving cash.

“Concerns about distribution stability, commodity prices and access to reasonable priced growth capital haven’t faded yet, but the risk/reward profile of the MLP group remains skewed to the positive,” add D.A. Davidson in the note posted by Barron’s.

JPMorgan Alerian MLP Index ETN