The undertakings for collective investment in transferable securities (UCITS) exchange-traded fund (ETF) uses options overlays alongside global equities as investor demand for income-focused ETF strategies continues to expand.
The WeeklyETFs range, sponsored by Aura ETFs, has entered the European ETF market with the launch of the Weekly World Income UCITS ETF (WEEK), which the firm describes as the first ETF in Europe with the aim of distributing income on a weekly basis. HANetf serves as the white-label ETF platform provider. The launch comes amid growing investor interest in options-based ETFs The ETF combines global equity exposure with an actively managed options strategy, using covered calls and call spreads