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.
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