Credit Suisse also recently launched the Credit Suisse Gold Shares Covered Call ETN (Nasdaq: GLDI), which utilizes a similar options strategy.
“Precious metals investments do not typically provide any current income. For the GLDI and SLVO ETNs however, this is not the case,” Greg King, head of exchange traded products in Credit Suisse’s Investment Bank, said in a press release. “Covered call strategies are designed to enhance yield in exchange for sacrificing part of the upside of an investment position. Both SLVO and GLDI seek to provide investors and their advisors with interesting new ways to introduce monthly cash flows into their portfolios while maintaining some exposure to precious metals.”
For more information on new product launches, visit our new ETFs category.
Max Chen contributed to this article.