The actively managed exchange-traded fund (ETF) blends holdings in leading US companies with options strategies, giving investors access to equity exposure and an additional potential source of portfolio income.
Atlanta-based asset manager X funds has introduced the X funds Large Cap Income ETF (VOOY), an actively managed fund that combines exposure to US large-cap equities with options-based strategies aimed at generating income. VOOY will employ options strategies designed to generate option premiums and support cash distributions US large-cap equity indices comprise companies with market capitalisations exceeding US $10 b illio n or established industry leaders. X funds said