Seeking Alpha

Multi-asset income ETFs are here to stay, writes Paul Britt, as Guggenheim's CVY crosses $1B in...

Multi-asset income ETFs are here to stay, writes Paul Britt, as Guggenheim's CVY crosses $1B in AUM. It's been around since 2006, but a new entrant, MDIV has pulled in $440M in less than a year. These income funds have no mandate in their search for yield and roam across dividends (DVY), high-yield (HYG), REITs (IYR, VNQ), and MLPs (AMJ) as necessary. One drawback is their somewhat high expense ratios - in the 60-80 bp range, compared, for example, to DVY at 40 bps. Other M-A ETFs: INKM, IYLD, GYLD, HGI.
Comments (2)
  • I just sold off my IYLD, with some difficulty. It's not very liquid. I purchased MDIV which is more aggressive, but trades more readily.
    24 May 2013, 02:49 PM Reply Like
  • Check out also DVM & DVI
    24 May 2013, 04:56 PM Reply Like
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