Stock of flow-through investment vehicles have become an important element of the current investment landscape. This empirical study investigates the risk-adjusted performance of flow-through stocks over the period of January 1999 through December 2008 in three major developed economies, which include the U.S, Canada and the European Union.In so doing, the aim of the present study is twofold. First, we contribute to the existing set of knowledge by shedding new light on the risk adjusted performance of Income Trusts, Master Limited Partnerships (MLPs) and REITs over a period of significant...