The exchange-traded fund (ETF) seeks to blend broad US equity market exposure with options-based income generation through an actively managed strategy.

AllianceBernstein Holding and AllianceBernstein LP (AB) have launched the AB Equity Premium Income ETF (INK), an actively managed exchange-traded fund listed on Nasdaq.  The fund combines equity market exposure with derivatives-based income generation  The ETF seeks a combination of high current income and capital appreciation. AB said the strategy provides broad exposure to the S&P 500 Index while employing a covered call options overlay designed to generate additional income.