XYLD - XYLD: Continuing To Climb Higher And Generating A 9.72% Yield

2024-03-20 09:00:00 ET

Summary

• Covered-call ETFs are losing appeal as new products with different risk mitigation strategies emerge.
• The market is looking for Fed Chair Powell to provide more information on what data would instill confidence in starting a rate cutting cycle.
• Global X S&P 500® Covered Call ETF, an income-focused ETF, may be an interesting position for income investors looking to diversify their income mix.

I feel as if covered-call exchange-traded funds, or ETFs, are losing their appeal, considering there are many new products that incorporate different strategies to try to add a level of risk mitigation to the market. At the upcoming FOMC meeting this week, the market is also looking for Fed Chair Powell to expand on his testimony on the Hill about what data would instill a level of confidence that would make the Fed members feel confident that a decision to start the rate cutting cycle is appropriate....

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