NXG Cushing Midstream Energy Fund (SRV)

Competitors to NXG Cushing Midstream Energy Fund (SRV)

Clearway Energy, Inc. 

Clearway Energy, Inc. competes with NXG Cushing Midstream Energy Fund in the renewable energy segment of the midstream infrastructure market. While Clearway focuses more on renewable energy sources and associated infrastructure, they both strive for similar investor bases attracted to income-generating assets. Clearway has the added competitive advantage of being part of the growing renewable sector, which is increasingly favored by investors seeking sustainable options, potentially drawing capital away from more traditional funds like NXG.

Global X MLP ETF 

Global X MLP ETF competes with NXG Cushing Midstream Energy Fund through its exchange-traded fund structure that offers investors a diversified portfolio of master limited partnerships (MLPs) in the midstream energy sector. This ETF allows for greater liquidity and ease of access compared to investment funds, which can appeal to a broader audience of investors. As a result, Global X is often seen as more attractive for those looking for flexibility, giving it a competitive edge over NXG in terms of wealth management tool usage.

Partnerships in Energy Infrastructure Fund 

Partnerships in Energy Infrastructure Fund competes directly with NXG Cushing Midstream Energy Fund by targeting similar investments in energy infrastructure assets. However, it sets itself apart with a more aggressive investment stance and a broader range of assets, which includes both midstream and upstream projects, potentially yielding higher returns in a more volatile market. This diversified approach may provide a competitive advantage over NXG, which is more focused on midstream aspects.

Tortoise Midstream Energy Fund 

Tortoise Midstream Energy Fund competes with NXG Cushing Midstream Energy Fund by offering similar investment strategies focused on midstream energy infrastructure, primarily in the U.S. They both invest in securities tied to pipelines, storage facilities, and other midstream assets. However, Tortoise has established a more extensive portfolio and a longer track record in the sector, which grants it a degree of investor confidence that NXG Cushing needs to overcome.