PFIX - Madison Investments rolls out actively-managed covered call ETF

2023-08-22 09:29:57 ET

Madison Investments has expanded its suite of actively-managed exchange-traded funds with the rollout of an ETF that employs a stock and covered call writing strategy.

The new ETF, called Madison Covered Call ETF (CRVD), follows the debut of the investment firm's first ETF, the Madison Dividend Value ETF ( DIVL ), which invests in dividend-paying stocks that exhibit above-market yield and growth potential.

Madison's offerings in its ETF suite are expected to expand in the coming weeks with the launch of two active fixed income products: the Madison Aggregate Bond ETF (MAGG) and the Madison Short Term Strategic Income ETF (MSTI).

“Given the current investment environment, there is a palpable demand for strategies that pursue both stability and performance differentiated from traditional benchmarks,” said Steven Carl, chair of the Executive Committee and chief distribution officer. “Each active ETF utilizes a disciplined investment process to pursue consistent income and market-like growth with below-market risk.

CRVD, managed by portfolio managers Ray Di Bernardo and Drew Justman, has an expense ratio of 0.90%.

Seeking Alpha's screener lists Simplify Interest Rate Hedge ETF ( PFIX ) with the highest Quant rating among ETFs.

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