Hugh Lam

So we've got that.

And there are also other competing ETFs out there with a similar sort of story.

So, ECRD, also private credit as well, is, you know, sort of an asset class that's delivering, you know, slightly higher yields, 9% to 10%.

But again, those are quite illiquid sort of loans that you're investing into.

So, the benefit of ECRD is that you're getting a pretty high yield, but not trading off any liquidity or volatility for that.

Okay.

That's the sort of story with it.

And again, it's a relatively new sort of product, but yeah, it's garnered quite a bit of interest.

I think it's at 60, 70 million, 80 million.

Yeah.

So about 10 million since the last time I checked it.

So that means that's the amount of money inside the ETF.

That's right.

Yes.

whether that's from you know typically comes from the underlying risk of that particular sort of strategy you know for example covered cause whilst great you know typically do well during either range bound or flat markets and also bear markets as well yep these sort of strategies would tend to underperform during a bull market so

It's very important to understand the nature of these strategies, because if you just went into a covered core strategy, then... Yeah, you wouldn't fully understand.

That's like WiMAX and that sort of stuff.

That's WiMAX and the UMAX.

They're great funds, but they have different sort of use cases.

The second part is understanding the nature of that particular income stream.