Guggenheim Multi-Asset Income: The Not So Multi-Asset ETF

Guggenheim Multi-Asset Income: The Not So Multi-Asset ETF

A Seeking Alpha Contribution


  • CVY has roughly two-third of assets in common stocks and ADRs.
  • CVY has very little bond exposure.
  • Investors can achieve a better return, with less volatility, with a common dividend ETF.

Multi-asset ETFs offer investors diversification within a single ETF. Stocks, bonds, preferred stock, REITs, MLPs and commodities are some of the assets that can be found in a multi-asset fund. These funds are attractive to investors due to the promise of diversification and sometimes high yields, but investors need to dig into the details to figure out how the fund is constructed.

Guggenheim Multi-Asset Income (NYSEARCA:CVY) is the oldest of the multi-asset ETFs, launched in September 2006. With $1.3 billion in assets, it can also claim to be the largest multi-asset ETF, ahead of First Trust Multi-Asset Diversified Income (NASDAQ:MDIV), but does it deserve the label? To continue reading, please Click Here.

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