No. of Recommendations: 2
I share the concern about the number of entities becoming REITs and MLPs. At the time when the Canadian Government changed the rules for CANROYs I had 20% of my assets in CANROYs.

As more and more entities become REITs and MLPs the bigger the target they become. We can only hope that if changes come they will not be as drastic as those that happened in Canada.

If we lived in a rational world there would be strict limitations on what type of entities could be become REITs and MLPs, since there is strong economic rational for both types of entities.

Martin
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