Stock price when the opinion was issued
This is a new product and is an ETF of ETFs. A multi-strategy, so it will have some real estate investment trusts, corporate bonds, loans, etc. With one ticket, you are getting 11 or 12 different income ETF’s with a multi-strategy, multi-management approach. The problem is, it costs a bit more. It will be about 85 basis points. The good news is you’re getting some income, but you won’t be whipsawed by a rate hike. A really conservative way of getting a regular income in a portfolio.
An actively managed ETF of ETFs. It is a global risk management index fund. It is trying to generate income while managing risk. He likes the idea, but does not know their strategy. It is mostly fixed income holdings.