YieldMaxᵀᴹ ETFs, one of the fastest growing ETF families in the United States, with the most diverse offering of option income funds, announces the launch of its first UCITS ETF for investors in Europe, in partnership with HANetf.
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YieldMaxᵀᴹ Big Tech Option Income UCITS ETF (ticker: YMAG)
- Income: YMAG is actively managed to seek monthly income from a portfolio of covered call strategies on US-listed technology stocks.
- Capital Growth: YMAG aims to capture capital growth through exposure to US-listed technology stocks.
- Listing: Initially listed on the London Stock Exchange, Deutsche Borse Xetra, and Borsa Italiana.
YMAG Investment Strategy
YMAG is an actively managed UCITS ETF that seeks to generate monthly income from a portfolio of covered call strategies, each on a US-listed technology stock. The covered call strategy is a widely used income strategy that relies on the sale of options to harvest income from the volatility of a stock, including those that offer small or no dividends of their own.
YMAG aims to generate monthly income from the sale of US-listed call options on US-listed technology stocks. It also seeks to capture capital growth through exposure to the share price returns of those same technology stocks.
YieldMaxᵀᴹ ETFs
YieldMaxᵀᴹ ETFs is a leader in option-based income ETFs in the United States, with a suite of over 40 ETFs that have accrued over USD 9 billion in assets under management. YieldMaxᵀᴹ ETFs cover a broad range of underlying assets and option-based income strategies. The YieldMaxᵀᴹ ETFs trading and portfolio management team has 18 professionals possessing decades of option trading expertise.
YieldMaxᵀᴹ ETFs has partnered with white-label ETF specialist HANetf for the launch of its first actively managed UCITS ETF. The YieldMaxᵀᴹ Big Tech Option Income UCITS ETF is initially listed on the London Stock Exchange (ticker: YMAG), Xetra (ticker: YYYY), and Borsa Italiana (ticker: YMAG).
| Product Name | YieldMaxᵀᴹ Big Tech Option Income UCITS ETF |
| ISIN | IE000MMRLY96 |
| SEDOL | BTGTNS2 |
| Trading Currency | GBX |
| Management Fee | 0.99% |
| Product Name | YieldMaxᵀᴹ Big Tech Option Income UCITS ETF |
| ISIN | IE000MMRLY96 |
| SEDOL | BTGTNR1 |
| Trading Currency | USD |
| Management Fee | 0.66% |
Source: ETFWorld.co.uk
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