Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
What is MM view on covered call ETF AYLD with GlobalX and are at call etfs really worthwhile for cash holdings (AAA & BILL) pending reinvestment? I note AAA went ex .12985709 divi (not franked) which only equates to 1.55%pa currently and that's before taking into account brokerage and buy/sell spread. I thought the bank savings account rates on offer were bad!
Hi Marvin,
We did have the guys from GlobalX in to introduce this ETF to us a couple of weeks ago, with a good mate their head of strategy. We think their products are good and we used them, however the covered call ETF AYLD has only been trading for a few weeks hence I would rather stand back and see how it goes before considering an investment but with the VIX pretty low at the moment the “buy/write index” is not as exciting as it has been in the past.
As for cash holdings, a good place to compare is on the finder website: https://www.finder.com.au/bank-interest-rates#savings
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