Earlier this week, Federal Reserve Chair Janet Yellen announced that the central bank will scale back its bond-buying program yet again, this time down to $55 billion a month. Whenever this happens, it seems to send investors in master limited partnerships toward the exits. Ever since the Fed hinted at the idea of tapering off its bond-buying program back in May, the Alerian MLP Index (NYSEMKT:AMLP) has gained a measly 2%. While increasing yields on U.S. Treasuries and other bonds can make master limited partnerships less attractive, don't let it completely lure you away from MLPs like Enterprise Products Partners (NYSE:EPD) and Kinder Morgan Energy Partners (UNKNOWN:KMP.DL).
Not only have these companies soundly beat any return on Treasury bonds in the past 10 years, both have more than doubled the S&P 500 on a total return basis over the same time period. To find out a couple reasons why these companies have been able to perform so well over the years regardless of any decision from the Federal Reserve, tune into the video below.