Domestic Covered Call ETFs See Surge in Inflows and Yields Amid Market Volatility
Amid ongoing volatility in the domestic equity market, investor interest in covered call exchange-traded funds (ETFs) has risen significantly. More than 5 trillion KRW has flowed into locally listed covered call ETFs so far this year, pushing their total net assets to surpass 20 trillion KRW. The covered call strategy, which involves holding underlying assets while selling call options, mitigates downside risks during market declines and allows for the potential to earn additional premiums from volatility, positioning these ETFs as resilient investment products in uncertain environments.
Hanwha Asset Management’s 'PLUS Tesla Weekly Covered Call Bond Mix' ETF has been particularly prominent among these. The fund paid a distribution of 180 KRW per share in April, with a monthly distribution rate of 1.99% and an annualized yield of approximately 23.89%. Boosted by the 7.6% surge in Tesla’s share price following the announcement of its new AI5 chip, the ETF’s performance has improved further. Additionally, as the fund is not subject to U.S. withholding tax, investors may benefit from deferred taxation on distributions in tax-advantaged accounts, making it an even more attractive choice.
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Hanwha Asset Management's Tesla Weekly Covered Call Bond Mixed ETF Pays 180 KRW Dividend - SBS Biz[Hanwha Asset Management's 'PLUS ETF' logo (Hanwha Asset Management website capture = Yonhap News)] Hanwha Asset Management announced today (17th) that the 'PLUS Tesla Weekly Covered Call Bond Mixed' ETF (Exchange Traded Fund) will pay a dividend of 180 KRW per share for April. The distribution rate is 1.99% monthly, annualized to 23.89%. The total net asset value is as of…
Monthly 2% Dividend on Tesla Volatility Bet… PLUS Covered Call ETF Pays 180 KRW in April - Herald EconomyHanwha Asset Management announced on the 17th that the 'PLUS Tesla Weekly Covered Call Bond Mixed' ETF, which aims for a monthly distribution of 2%, will pay a dividend of 180 KRW per share in April, with the ex-dividend date being the previous day's closing price.
PLUS Tesla Weekly Covered Call Bond Mix, April Dividend of 180 KRW Paid - EDailyHanwha Asset Management announced on the 17th that the ‘PLUS Tesla Weekly Covered Call Bond Mix’ ETF will pay a dividend of 180 KRW per share for April. The distribution rate, based on the closing price prior to the ex-dividend date (13th), is 1.99% per month, annualized to 23.89%. The total net assets recorded 121.9 billion KRW as of the 15th...
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