Some multi-asset ETFs are passive index products, while others are actively managed.
“These funds could be attractive to income-oriented investors who tend to be more overweight traditional income securities, such as utilities, and safer lower-yielding bonds,” the Morningstar analyst wrote.
Other ETFs for the category include Guggenheim Multi-Asset Income ETF (NYSEArca: CVY), iShares Morningstar Multi-Asset Income Index Fund (NYSEarca: IYLD) and Arrow Dow Jones Global Yield (NYSEArca: GYLD).
“We have to be a little bit more creative in finding places to generate income,” financial planner Brent Emerick said in the Bloomberg report.