Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi guys I know BANK is a new fund from global x but it seems an interesting fund that invests in bank bonds, hybrids and corporate debt all in one trade with a very low management fee My question is do you have any idea of what the income distribution is likely to be, how volatile it may be and if you would consider putting this into you income or etf portfolios Thanks Tony
Hi Tony,
We like the concept of this ETF, investing at different levels in the bank’s capital stake with a mixture of fixed and floating rate exposure with a management fee of 0.25%. That said, we are likely to see how this ETF performs/operates before considering for our Active Income Portfolio or Core ETF Portfolio, it only has a market cap of $6mn at this stage.
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