First Trust has added to its suite of target outcome ETFs, with over U$1.6bn in total net assets, with the FT Cboe Vest Gold Strategy Target Income ETF.
Cboe Vest’s flagship target income strategy will be used in conjunction with the FT Cboe Vest Gold Strategy Target Income exchange-traded fund (ETF). The product with the ticker ‘IGLD’ seeks to deliver participation in the price returns of the SPDR Gold Trust (GLD) and produce a consistent level of income that exceeds the income generated by an investment in one-month US Treasury securities by approximately 3.85% on an annual basis. Cboe Vest, the asset manag
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