ETF Research and Analysis

by Phillip Yoo
Suitability
SPDR Barclays TIPS ETF IPE offers broad exposure to the Treasury Inflation-Protected Securities market at an attractive price, earning it a Morningstar Analyst Rating of Silver. The fund also provides an effective hedge   Read more 

Bull Case

TIPS offer protection against unexpected inflation.
This fund is competitively priced relative to other TIPS offerings.
This is a good complementary holding for an equity portfolio given its historically low correlation with the S&P 500. Read more 

Bear Case

If inflation is below expectations, the fund will likely underperform non-inflation-protected U.S. Treasuries.
Because of the fund's long duration, interest-rate changes may hurt the efficacy of its inflation protection.
Because the underlying index is market-cap-weighted and does not target a specific maturity, the fund's duration can change over time. Read more 

Why Closed-End Muni Funds Tend to Have Longer Durations 
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