2024-07-17 00:46:35 ET
Summary
- HIGH is an ETF from Simplify Asset Management. It aims to generate monthly income through short-dated option spreads on various equities.
- The core holdings are Treasury Bills with an overlay of constantly changing options positions.
- HIGH has had respectable performance in 2024, outperforming Treasury bonds by 70 bps with a low-risk profile, suitable for cash parking instruments.
- HIGH is considered a good holding for "cash parking instruments," a category for low-risk, low-return investments. It can be used alongside other cash parking options like SGOV, JAAA, and MINT to diversify a portfolio.
Thesis
Simplify Asset Management has a number of very interesting funds in its purview. The commonality across the product offering is the complexity overlay that is present in most Simplify ETFs. The Simplify Enhanced Income ETF ( HIGH ) is such a name, and we started covering the vehicle last year, when we described the fund structure and our views on the name....
Read the full article on Seeking Alpha
For further details see:
Checking In On HIGH, An Options Spreads Fund