Kenny Feng, president and CEO of Alerian Capital, talked with CNBC about the launch of the Alerian MLP ETF (NYSE:AMLP). Kenny tells CNBC that the new fund will give investors “liquidity and transparency” and a “tax-free” yield.
“They are actually partnerships that are structured that enable them to engage in these activities without any level of taxation,” said Feng of the Alerian MLP ETF, which offers exposure to the Alerian MLP Infrastructure Index (AMZI). “So they do trade on the public exchanges.”
See the full interview with Kenny below: