Being a newer fund to the marketplace as well as an unabashedly “actively managed” ETF strategy, as with most funds, institutional players may wait to see live performance data generated before making sizable portfolio allocations to VEGA, but the fund has attracted a bit over $17 million in assets under management since launching last September.
It is worth pointing out that PBP (PowerShares S&P 500 Buy Write Portfolio, Expense Ratio 0.75%), which debuted in 2007, has attracted more than $234 million in assets under management and remains a reasonably popular fund in the “Buy-Write” space, so as portfolio managers on the advisory level and institutional plans look for more advanced strategies that involve options such as these, more assets should gravitate to such funds.
PowerShares S&P 500 Buy Write Portfolio
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