Bank of America Investment Banking Pitch Book
MLP Market Update
MLP Dedicated Fund Flows Continue to Trend Negative
6
$bn
70.0
65.0
60.0
55.0
50.0
45.0
40.0
35.0
A Fundamental Shift in Investor Sentiment Surrounding MLPs is Unmistakable, with Capital Leaving Rather than Entering the Space
30.0
25.0
20.0
15.0
10.0
5.0
0.0 +
1/2011
MLP Open End Fund Flows
Total Annual 2011
MLP Flows:
$1.4bn
Source: EPFR.
$bn
10.0
5.0
0.0
(5.0)
(10.0)
(15.0)
1/2017 10/2017 7/2018 4/2019 1/2020 10/2020 7/2021 4/2022
11/2012
2012
$2.3bn
MLP Passive Fund Flows
2017-2022YTD
2013
$10.3bn
10/2014
2014
$11.4bn
($0.2bn)
($9.5bn)
($9.8n)
8/2016
2015
2016
($1.3bn) $3.2bn
Aggregate Observable Active & Passive MLP Dedicated Fund Flows
7/2018
2017
2018
$309mn ($1.3bn)
5/2020
2019
(2.8bn)
2020
($3.9bn)
$35.3bn
$17.7bn
$17.5bn
4/2022
2021
($2.1bn)View entire presentation