This is the latest variation on the global income theme from Grice and Lapthorne who launched a Quality Income exchange-traded note (ETN) early last month on the back of its Global Quality Income index introduced two months earlier.
The ETN is designed to give investors safe, sustainable sources of income as well as capital protection and an element of growth.
The strategy is a direct reaction to what they have described as “appallingly low” equity returns over the past ten years.
The index will look at company profitability, balance sheet strength, operating efficiency and so on and focuses on large, blue-chip companies that also provide much-needed liquidity.
