Q: I recently read about the Shares Flexible Monthly Income ETF.
What is your opinion of this ETF?
How would it compare to the XHY which I own?
thank you
What is your opinion of this ETF?
How would it compare to the XHY which I own?
thank you
5i Research Answer:
XFLX is a brand new actively managed fixed income ETF offering diversified sector and geographical exposure. It is also available in an unhedged version through XFLI. The fee at 0.55% is OK. Being a brand new ETF with no history of performance, we think the idea of it is fine but we want to give it more time to see how it performs. The actively managed nature of XFLX likely differentiates it while it also does not appear to have a high yield focus like XHY.