The actively managed exchange-traded fund (ETF) uses options linked to the iShares Silver Trust and short-term US Treasuries to pursue income and capital appreciation without directly holding silver
Illinois-based asset manager First Trust Advisors has launched the FT Vest Silver Strategy & Target Income ETF (SLVY), an actively managed ETF listed on the Cboe BZX Exchange. The fund purchases call options and sells put options linked to SLV The fund aims to deliver both current income and capital appreciation through an options-based strategy linked to the iShares Silver Trust (SLV), alongside investments in short-term US Treasury securities. First Trust stated that the fund does not