Ken Fisher is buying two high-yielding ETFs

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Ken Fisher is buying two high-yielding ETFs

Ken Fisher founded Fisher Asset Management in 1979 and now has over $197 billion in assets under management, with more than 100,000 clients around the world. Fisher Asset Management is a fee-only investment adviser and money management firm that serves large institutions, high net worth individuals, and small business retirement plans around the world.

Fisher is currently chairman and co-CIO after stepping down from the position of CEO, a position he held for 37 years. In 1984 Fisher started writing a monthly column for Forbes, around the same time his bestselling book Super Stocks gained a lot of attention. Fisher wrote the Forbes Portfolio Strategy column for over 32 years until December 31, 2016, making him the longest-running columnist in Forbes history.

Fisher is buying these two high-yielding exchange traded fundsETFs as we head into the end of the year.

13% or $3.40 per share is done a month, with an inconsistent track record of increasing its dividends. The iShares iBoxx Investment Grade Corporate Bond ETF seeks to track the investment results of an index composed of U.S. stocks. Investment-grade corporate bonds are issued in the dollar-denominated form. The ETF has access to over 1,000 corporate bonds in a single fund, and its top three holdings include JPMorgan Chase JPM, Bank of America BAC, and Goldman Sachs Group GS.

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iShares MSCI Europe Financials Sector Index Fund EUFN offers a forward dividend yield of 7.61% or $1.34 per share annually through semiannual payments, with a track record of increasing its dividends once in the past year. The iShares MSCI Europe Financials Sector Index Fund seeks to track the investment results of an index composed of developed European equities in the financial sector. The top three holdings of the ETF are HSBC Holdings HSBC, Allianz ALIZF and Zurich Insurance Group ZFSVF.

During the third quarter, Fisher increased its stake in the MSCI Europe Financials Sector Index Fund by 125%, to over 39.2 million shares.

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