Currently, investors may take a look at the passively managed option, Powershares S&P 500 BuyWrite Portfolio ETF (NYSEArca: PBP), which has an expense ratio of 0.75% and a 12-month yield of 10.1%.
Additionally, investors may look at the iPath CBOE S&P 500 BuyWrite Index ETN (NYSEArca: BWV). Investors, though, should note that this is an exchange traded note, which is an unsecured debt obligation subject to the credit worthiness of the issuing bank.
For more information on new fund products, visit our new ETFs category.
Max Chen contributed to this article.