The fund pairs active quantitative equity selection with flexible option selling to deliver excess returns alongside tax advantaged monthly distributions.
Mirae Asset Global Investments (Mirae Asset) has expanded its exchange-traded fund (ETF) portfolio with the listing of the Tiger 200 Covered Call Active ETF in South Korea. The fund uses the Kospi 200 Covered Call 5% OTM index as its comparative benchmark The strategy combines active equity management with a flexible option selling overlay to generate regular income from option premiums, according to local media reports. The fund uses the Kospi 200 Covered Call 5% OTM index as