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Investors seeking income are moving into active stock funds. The category gathered $36 billion in July, according to State Street Investment Management.
Derivative-based ETFs are pushing half a trillion in AUM right now, as investors have flocked to the growing category. Amid that rising interest in recent years, however, other investors may have questions.
Following historic inflows, momentum in the covered call ETF market continues unabated. Yet first-generation buy-write products were often viewed somewhat narrowly as high-yield income vehicles built on sacrificing equity upside for immediate cash flow.
Active ETFs have become a key part of the overall investing landscape in recent years. Their launches have contributed massively to the pace of overall ETF launches.
T Rowe Price has long been viewed as a leading active manager known for its fundamental research. Six years ago they entered the ETF market and have continued to successfully grow their lineup.
T. Rowe Price has been a notable player in the active ETF landscape for many years, innovating on the strategies available in the wrapper. Now, the shop has added another active ETF to its suite: the T.
T. Rowe Price's covered call ETF is designed to help investors stay in the market through uncertainty by turning some of their stock holdings' upside into a steady stream of monthly income. Key Takeaways: TCAL generates monthly income by selling covered call options on lower beta stock holdings.
In my former life as a mutual fund analyst, T. Rowe Price was always a staple of my research.
SEC filings for TCAL aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.