$128 million can’t be wrong – or can it?  Since its launch on August 25, 2010, the Alerian MLP ETF (AMLP) has attracted an impressive amount of assets, nearly $128 million in less than a month.  However, shareholders appear to be oblivious to the fact that AMLP employs a 62.5% daily leverage factor, thereby giving shareholders a 37.5% daily haircut. Upon its arrival, AMLP was heralded by scores of analysts as the best way for investors to gain access to the performance of Master Limited Partnerships, more commonly referred to as MLPs.  My voice was a lonely one, telling investors to beware because I believed the marketing materials were misleading and AMLP’s structure would make its performance fail to meet its objective. My original analysis was published in… . . . → Full Story: AMLP’s Dirty Little Secret