Market watchers seeking income should invest in master limited partnerships (MLPs) as oil prices have stabilized, according to Global X Funds' CEO Bruno del Alma on Monday.
"MLPs are probably the best asset class in our opinion," del Alma told "Closing Bell." "If you look at the infrastructure side of master limited partnerships, they're somewhat isolated from oil prices." He added that these companies are generating income at about 7 percent.
Still, market watchers remained cautious as just a year ago MLPs were deemed attractive but substantial share price fluctuation burned eager investors.
"We think it's worth it," del Alma said about possible risks, "We think it's one of the most attractively priced asset classes right now."
The CEO also warned against exploration and production names, but encouraged investments in infrastructure and pipeline companies in the sector.