FIEGDeutsche Bank FI Enhanced Global High Yield ETN
FIEG Fund Description
FIEG tracks an index of large- and midcap stocks with sustainably and persistently higher than average dividend yields in 24 developed markets.
FIEG Factset Analytics Insight
FIEG provides levered exposure to the MSCI World High Dividend Yield Index, which tracks global large and midcap stocks with high-quality dividends. The note launched with a 2x leverage factor, but unlike most geared products, it does not regularly reset its exposure, so the effective multiple changes daily for new investors. The note resets only when the effective leverage rises above 2.67x. There is a 5 bp fee at each rebalancing. If this sounds like a complicated and hard-to-parse structure, consider passing. As there is an almost complete lack of trading interest around this fund, and massive spreads, few traders go this route. AUM is on the low side, but not dangerously so, and the fund charges a very high fee. Note that FIEG is a "bespoke" product, created for Fisher Asset Management and its clients. The notes are unadvertised—lacking even a website—because they aren't intended for individual investors. Also consider FIGY, a similar series of notes tracking the same index.
FIEG CHARTS AND PERFORMANCE
FIEG Portfolio Data
FIEG Index Data
FIEG Fund Structure
FIEG Tax Exposures
FIEG Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FIEG. FIEG is rated a 5 out of 5.