FIHDUBS AG FI Enhanced Global High Yield ETN
FIHD Fund Description
FIHD provides 2x levered exposure, reset quarterly, to an MSCI index of large- and mid-cap developed market stocks, selected by yield and weighted by market cap, with screens for sustainability.
FIHD Factset Analytics Insight
FIHD provides levered exposure to the MSCI World High Dividend Yield Index, which tracks global large- and mid-cap stocks from developed market countries determined to have sustainable and persistent dividends. Investors will not see cash distributions however; dividends paid from index consitutents will be reflected in the index return level. The index employs a quality screen to determine dividend sustainability, including factors such as return on equity, earnings variability, and debt to equity. The fund provides 2x returns on the index on a quarterly basis. Investors with time horizons that don't align with the reset period aren't likely to achieve the 2x multiple.FIHD's total holding cost - which includes a small fee at each rebalancing - is high, though as a levered product the fund is more of a tactical tool rather than a long term holding. The note lacks a website because, like sister products, it was created expressly for a single large asset manager - Fisher Investments
FIHD CHARTS AND PERFORMANCE
FIHD Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FIHD. FIHD is rated a N/A out of 5.