PowerShares to debut buy-write ETFs

On Dec. 20, the firm will list the PowerShares DJIA BuyWrite and S&P BuyWrite portfolios on NYSE Arca and the Nasdaq-100 BuyWrite Portfolio on Nasdaq.
DEC 05, 2007
PowerShares Capital Management plans to introduce the first buy-write ETFs this month. On Dec. 20, the firm will list the PowerShares DJIA BuyWrite and S&P BuyWrite portfolios on NYSE Arca and the Nasdaq-100 BuyWrite Portfolio on Nasdaq, according to a statement from the company. “The buy-write investment strategy is one in which the portfolio holds a basket of stocks and sells a succession of at-the-money call options with one month left to expiration,” said Bruce Bond, president and CEO of PowerShares. “This strategy is popular with asset managers, as it can provide additional income to a portfolio through call option premiums.”

Latest News

TaxStatus, Nitrogen plug into Claude and ChatGPT in advisor AI push
TaxStatus, Nitrogen plug into Claude and ChatGPT in advisor AI push

New connectors bring IRS data. planning workflows, and meeting intelligence into AI assistants as RIAs make AI integration a top growth investment

Veteran Calif. advisor at center of $50M customer complaint sidesteps Morgan Stanley’s clawback
Veteran Calif. advisor at center of $50M customer complaint sidesteps Morgan Stanley’s clawback

Sam Su worked at UBS Financial Services in San Francisco from 2008 to 2023 before jumping to Morgan Stanley.

RIA moves: Beacon Pointe buys $905M firm, ASN lands Commonwealth team
RIA moves: Beacon Pointe buys $905M firm, ASN lands Commonwealth team

Wealthspire’s Ground Control is also expanding in London, adding a business manager focused on music and global touring

Investor alleges Arbor Realty Trust misled market on $1.25B loan mess
Investor alleges Arbor Realty Trust misled market on $1.25B loan mess

The REIT allegedly promised investors a fix while the problem grew by $200M.

When is one fund really a substitute for another?
When is one fund really a substitute for another?

Fund categories are a useful starting point – but they can hide meaningful differences.

SPONSORED Best Practices for Engaging Women Around Alternatives

Growing wealth, evolving priorities, and untapped opportunities are reshaping how women approach long-term investing.

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.