Trading begins for Horizons ETF using covered-call strategy

11/25/2013 | Morningstar · Bloomberg

Horizons ETFs Management has brought to the U.S. retail market the Horizons S&P Financial Select Sector Covered Call exchange-traded fund, which buys stocks of financial companies and generates additional income by writing out-of-the money covered calls on them. The covered-call strategy typically generates strong yields in down or flat markets but underperforms in rising markets.

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Morningstar · Bloomberg

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