Bringing you live news and features since 2006 

Global X launches two income ETFs


Global X Funds, the New York-based provider of ETFs has launched the Global X TargetIncome 5 ETF (CBOE: TFIV), and the Global X TargetIncome Plus 2 ETF (CBOE: TFLT).

The firm writes that TFIV seeks to achieve a 5 per cent yield, net of fees, while TFLT seeks to achieve the yield on the current 10 Year US Treasury Note, plus 2 per cent, with both funds expected to pay distributions on a monthly basis.
Global X writes: “In a decades long shift from defined benefit (DB) plans, which provide investors with predictable income streams in retirement, to defined contribution (DC) plans, individual investors have assumed much of the risk relating to their retirements. With an outcome-based approach, TFIV and TFLT seek to help investors achieve a specific income levels from their retirement assets.”
TFIV and TFLT track indexes developed by Wilshire Associates (Wilshire) that allocate across 11 ETFs representing different income-paying asset classes. The ETFs seek to attain their targeted income levels while simultaneously optimising their exposures to mitigate risk.
“By combining Wilshire’s robust multi-asset analytics and deep institutional allocation expertise, we’ve structured indexes that aim to target specific yield objectives while mitigating risks,” says Jason Schwarz, president of Wilshire Analytics and Wilshire Funds Management.  “We’re proud to bring these indexes to market and very pleased to work with Global X, which has established itself as a leader in income ETFs,” Schwarz adds.
“Despite a recent spate of rate hikes, investors continue to face a low yielding market,” says Jay Jacobs, head of research and strategy at Global X. “As the baby boomer generation increasingly transitions into retirement, we believe that TFIV and TFLT can offer potential solutions to investors looking to achieve specific income goals with their portfolios.”

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by