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Epi
@Epi
1Wk
Can you tell us something about the product?
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Mo
@BigMo
1Wk
@Epi
This seems to be a covered call strategy on gold 😭
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Börsenbahnerin
@Boersenbahnerin
1Wk
@Epi
This ETP invests physically in gold (via the SPDR Gold Shares ETF) and also sells out-of-the-money call options to generate current income ("covered call" strategy).
The total costs (TER) are around 0.35%
p.a
. and income is distributed monthly.
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Epi
@Epi
1Wk
@BigMo
Oh dear, covered call ETFs - limit the gains, but not the losses. 🙄
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Epi
@Epi
1Wk
@Boersenbahnerin
Take a look at the article by Ben Felix (financial mathematician):
https://youtu.be/YMLVdY8y8vM
If you're still interested in CC ETFs, then they're really something for you. 😅
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j0keR61
@j0keR61
1Wk
@Epi
so better hands off
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Börsenbahnerin
@Boersenbahnerin
1Wk
@Epi
I am aware of the risks.
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