PFIX - PFIX: Good Product But Risky Part Of Cycle
2024-04-22 05:23:39 ET
Summary
- Simplify Interest Rate Hedge ETF has thrived in performance and growth, offering a hedge against rising long-term interest rates.
- PFIX is constructed with a significant position in over-the-counter interest rate options, providing direct exposure to upward moves in interest rates and volatility.
- PFIX stands out from other ETFs by offering a direct and transparent hedge against rising long-term interest rates through OTC interest rate options.
With hindsight, the trade of the cycle was to short long duration Treasuries on surging interest rates due to the fastest rate hike cycle in history. And certain products, like the Simplify Interest Rate Hedge ETF ( PFIX ), really thrived in terms of not just the timing of their launch, but performance, execution, and assets under management growth. The question now remains as to whether betting against long duration Treasuries still makes sense....
PFIX: Good Product But Risky Part Of Cycle