“They will hold this construction price for two months… as long as you can get your sales in two months, then we're good at that price”
♫
Said on The Deal with Adam Di Marco
Janus Henderson · Animal Spirits Podcast · Talk Your Book: The Next Generation of Income Strategies
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price auto-callable ETFs to deliver a fixed coupon as long as the underlying stays above a barrier on observation dates
“They will hold this construction price for two months… as long as you can get your sales in two months, then we're good at that price”
“We have two ETFs... JELM... prospectus income target is SOFR plus 3% to 5%... JELH... prospectus income target there is SOFR plus 6% to 11%... weighted average coupon of the underlying... about 10% today for JELM, 13.4% for JELH”
“‘The promoters halved the price… the $11 might have to be lowered… bankers were considering recutting the price… as low as $6’”
“Lifetime annuities, they give you a fixed amount of income for as long as you live, usually increasing with inflation”
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