Q: I'm trying to understand how some of these high yield ETF's work . Specifically YMAX . Looking on their website they say they are a " fund of funds " and they change things up every month . They also refer to themselves as " high risk " .... So could 5i explain just exactly which funds they own and what and why they change things up monthly ? As well as what market factors will determine which direction the ETF will go up or down ? Looking at their history they came on the market in March of 2024 reached a high of $21.84 and trade now at $13.77 . That's a drop of 37 %. But with an annual yield of 68.32% . I'm not sure of how to calculate it's yield over the year or so of existence as that 68.32% number is at today's market price. But I'm pretty sure they're in the black. 5i has better information to tell me what the return has been since inception ? I also noted that it's steady drop occurred between March 24 and April 25 after which it has been on a slow but steady climb .... What market circumstances created both the drop and reversal in April ? .....
Basically this is a " what is it ?" a "What makes it move ? " a " why does it yield so much ? " and a " why is it high risk ? " question ? ....... Thanks for your terrific service ......
Basically this is a " what is it ?" a "What makes it move ? " a " why does it yield so much ? " and a " why is it high risk ? " question ? ....... Thanks for your terrific service ......
