- Global X Long-Term U.S. Treasury Premium Yield ETF (LPAY)
- Global X Short-Term U.S. Treasury Premium Yield ETF (SPAY)
Q: What’s your opinion on these new fixed income products?
Thanks and have a great day.
Thanks and have a great day.
5i Research Answer:
We have no issue with their set up, but would of course like to see a longer history. Using treasury securities and options will enhance income in a relatively low-risk manner. The underlying securities are highly secure. SPAY targets maturities of less than three years, LPAY 10 years+. There will be interest rate sensitivity here as there would be with any fixed income fund. We think these will be fairly popular for income-seekers.