BetaShares UMAX ETF (ASX:UMAX)
The BetaShares UMAX ETF is an actively managed portfolio that provides investors with exposure to US equities, with a focus on enhancing the ETFs dividend yield using a ‘covered call’ strategy.
What does the UMAX invest in?
This ETF invests in the largest 500 US companies and also sells call options on the holdings. This ETF could be a solution for investors looking for an enhanced yield exposure to the US equities market.
What do investors use UMAX for?
UMAX could be a solution for investors looking for exposure to the top 500 US companies, and is designed to maximise income by using covered calls. This strategy also partially reduces downside risk in falling markets.
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