Invesco Launches the Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE)

Core Viewpoint - Invesco Ltd. has launched the Invesco SteelPath MLP & Energy Infrastructure ETF (Ticker: PIPE), which aims to provide investors with actively managed exposure to midstream energy infrastructure equities and Master Limited Partnerships (MLPs) [1][2][3] Company Overview - Invesco Ltd. is a global independent investment management firm managing US$1.85 trillion in assets as of December 31, 2024, with a presence in over 20 countries [4] Product Details - PIPE will focus on North American energy infrastructure companies and midstream MLPs, which are involved in the gathering, processing, transporting, and storing of hydrocarbons, generating revenue through service fees [2][3] - The ETF is designed to leverage Invesco's expertise in midstream infrastructure investing, a field in which the SteelPath team has been a pioneer since 2004 [3] Market Context - The business model of MLPs is attractive due to its strong distribution component and growth prospects, supported by increasing demand from sectors such as data centers and liquefied natural gas exports [2][3] - Current sector fundamentals are healthy, offering attractive distribution yields and potential for capital appreciation driven by midstream volume growth [3]