Fund Spotlight: GraniteShares HIPS US High Income ETF (HIPS)

Summary

• These hybrid fund of funds continue to get launched at an ever increasing pace.  This fund has been around for some time and already has garnered about $37M.

• HIPS allocates among CEFs, MLPs, and BDCs at various levels according to a formulaic, rules-based approach.

• The fund distributes a high yield to entice new investors into the fund- what we cal…