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Leverage Shares to launch single-stock covered call ETPs in Europe

Financial Times LogoFinancial Times12h ago

Leverage Shares to launch single-stock covered call ETPs in Europe - Financial Times

Quick Summary:

The initial batch of three ETPs will be centred on technology stocks Nvidia and Tesla, as well as the SPDR Gold Shares ETF (GLD), which tracks the price of the metal.

US market leader YieldMax has $3.2bn across its range of option income strategy ETFs, while newcomer Kurv has also entered the market and Purpose Investments offers similar funds in Canada.

Covered calls have yet to seize the imagination of European investors to the same extent, though, with the JPMorgan Global Equity Premium Income ETF (JEPG), the US group’s Ireland-domiciled riff on JEPI, currently holding just $154mn.


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Article Details

Author / Journalist: Steve Johnson

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 04:00:57 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 956 words

Reading Time: 6 minutes read

Sentences: 40 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 21744670

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About Financial Times

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Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 3 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 17 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

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Publisher ID: #3

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