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IGLD / IGLD: Intriguing High Yield From Unproductive Gold
The FT Cboe Vest Gold Strategy Target Income ETF aims to provide participation in the returns of holding SPDR Gold Trust while generating current income. The IGLD ETF has underperformed compared to the GLD ETF, with a 1-year return of 2.8% versus GLD's 6.4%. The underperformance raises questions about the effectiveness of IGLD's strategy, as both treasury bill holdings and the underlying asset (GLD) have generated positive returns.
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Posted: Jun 26 2023, 03:59
Author Name: Seeking Alpha
Views: 081117
IGLD News
By Seeking Alpha
June 26, 2023
IGLD: Intriguing High Yield From Unproductive Gold
The FT Cboe Vest Gold Strategy Target Income ETF aims to provide participation in the returns of holding SPDR Gold Trust while generating current inco more_horizontal