The fund provides an alternative approach to holding long exposure to Ether. The fund buys an ETF that holds Ether, primarily Purpose Ether ETF, and actively writes covered call and/or put options against 10-50% of the portfolio. Option contracts may be exchange-trading or over-the-counter. The contracts sold are either at-the-money or out-of-the-money and expected to have 1-3 months to expiration. The amount of the portfolio written against, the type of option writing, and terms are based on the managers assessment of the market and option premiums available. The investment objective of the fund is total return, yield and long-term capital appreciation. The use of options is not to lower volatility. In addition to the investment risks, investors should consider the tax consequences of such as strategy, as transactions may result in reporting ordinary income rather than capital gains. The fund may use other derivatives if a particular share class is hedging currency risk.
公司网站 :
https://www.purposeinvest.com/funds/purpose-ether-yield-etf
总经理:-
建立时间:2021
公司总部:PURPOSE ETHER YIELD ETF US ETF NON-CURRENCY HEDGED UNITS
领域:Miscellaneous
行业:Investment trusts/Mutual funds