Horizons Expands Lineup With Financial Sector Covered Call ETF (HFIN)

The stock market bulls have eased their foot off the gas pedal this week as a flurry of data and Fed minutes have reignited investors’ worries surrounding the inevitable taper. Amid the tug-of-war on Wall Street and fear of rising rates, newcomer Horizons expanded its product lineup with a one-of-a-kind offering aimed at income investors who wish to target the financial sector with an options strategy twist [see 101 High Yielding ETFs For Every Dividend Investor]. Under The Hood: S&P Financial Select Sector Covered Call ETF Horizons launched the S&P Financial Select Sector Covered Call ETF at the start of this week on Monday, November 18th. As the issuer’s second ETF, HFIN bears a striking resemblance to its first offering, the Horizons S&P 500 Covered Call ETF . Both funds employ a covered call strategy, which essentially reduces downside volatility during unfavorable market conditions. HFIN works by holding a long position in [...] Click here to read the original article on ETFdb.com. Related Posts: A Closer Look At Buy/Write ETFs New “BuyWrite ETF” Hits The Market ETF Pipeline: Global BuyWrite ETF On The Horizon June ETF Roundup: Launches, Filings And Closures Launch Frenzy: 7 New Funds Enter The Ring