In recent months, this «use for
cash» story has been
playing out strongly in the ETF space, as retail
and institutional investors pour assets into ultra-short-dated
bond funds.
My conclusion was that TFG trades at a discount because of it's egregious fee structure a — i.e. if you have the same underlying risk on two
bonds and someone «steals» 20 % of your coupon then that
bond should naturally trade at a discount... I chose to invest in CIFU as it consistently pays out 50 % of all free
cash as dividend
and reinvests the other 50 % in similar asset
and its running at much lower cost base
and REALLY is a pure
play (i.e. no Asset Management assets)-- adding to that ISA eligible
and CIFU stands out from my perspective.