New ETF Provider Files for an Active Fund | ETF Trends

Huntington Asset Advisors, the investment arm of Columbus, Ohio-based Huntington Bank, filed to bring a new actively managed exchange traded fund (ETF) to market.

The is the firm’s second ETF filing; the latest one will invest in large-cap U.S. stocks and American Depositary Receipts (ADRs) of non-U.S. large-caps. [The Active vs. Passive ETF Debate.]

Olivier Ludwig for Index Universe reports that the ETF will write covered calls on each position to help generate the capital necessary to buy puts on the S&P 500 and/or S&P 100 Indexes, respectively. Also, puts will be used to hedge the ETF’s portfolio to the extent the value of its equity positions decline, according to the filing. [The Latest ETFs in the Pipe.]

For more stories about new ETFs, visit our new ETFs category.

Tisha Guerrero contributed to this article.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.