Hanwha Asset Management Launches 'PLUS China Hang Seng Tech Weekly Target Covered Call ETF'
Hanwha Asset Management has announced the launch of the 'PLUS China Hang Seng Tech Weekly Target Covered Call ETF'. This ETF aims to invest in 30 innovative growth stocks included in the Hang Seng Tech Index, with a target annual distribution of 15%. By selling call options, the ETF provides roughly 20% participation in index growth while expecting substantial returns through 80% premium gains.
The ETF stands to benefit from supporting policies of the Chinese government, perceived undervaluation of market valuation, and increasing capital inflows, enhancing its attractiveness to investors. Notably, the strategy of weekly option selling is aimed at generating stable cash flows, offering an appealing investment opportunity. Key holdings include major Chinese tech companies like Alibaba and Tencent, which draw significant interest from investors.
Through an efficient investment strategy, the ETF aims to create stable cash flows and predicts high premiums, boosting its competitiveness compared to U.S. indices. These characteristics have positioned Hanwha Asset Management's new ETF as a notable highlight among both domestic and international investors.
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