The article compares two energy infrastructure ETFs: Alerian MLP ETF (AMLP) offers a higher 7.4% dividend yield with concentrated holdings in 14 MLPs, while First Trust North American Energy Infrastructure Fund (EMLP) provides broader diversification across 56 holdings including utilities with a 2.8% yield. Despite AMLP's higher returns over 3 and 5 years, EMLP is recommended as the better buy based on superior 10-year performance (10% vs 7.1% annualized returns) and lower volatility.
Axe note: Between two leading US energy infrastructure ETFs, First Trust's EMLP offers a safer, steadier ride compared to the high-yield but concentrated AMLP.