ETFs that Offer One-Stop Shopping for Yield-Starved Investors

Dividend stocks, high-yield bonds, MLPs and REITs remain popular choices for income-staved investors.

ETFs that offer one-stop shopping for yield-starved investors, commonly known as multi-asset ETFs, are also becoming part of the income lexicon.

The Guggenheim Multi-Asset Income Index ETF (NYSEArca: CVY) is one of the largest multi-asset exchange traded funds, offering income investors one-stop shopping to an array of income-generating asset classes.

CVY tracks the Zacks Multi-Asset Income Index, which “uses quantitative analysis to select stocks from the Index universe to obtain a representative sample of stocks that resemble the Index in terms of key risk factors, performance attributes and other characteristics,” according to Guggenheim.

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Securities currently held by CVY include common stocks, master limited partnerships (MLPs), real estate investment trusts (REITs), closed-end funds and preferred stocks.

“Performance for CVY has been mixed — beating the market handily in some years and losing out in others. But for those investors looking to buy, hold and collect the dividend for the long haul, it’s a pretty good fund,” according to Kiplinger.