Daily ETF Watch: BPV All-ETF Mutual Fund

November 20, 2013

 

Denver-based BPV Capital Management is currently prepping its BPV Low Volatility 200 Fund, a mutual fund that will bet on equity and fixed-income securities—with options overlays—via ETFs.

The fund may hedge its long positions by using call and put options, option collars, option spreads and other options-based transactions, according to its prospectus. It may also buy and sell call and put options.

A put option gives the security holder the right, but not the obligation, to sell a specified amount of an underlying security within a specified time. This is the opposite of a call option, which gives the stockholder the right to buy shares.

The fund has an annual expense ratio of 0.59 percent, or $59 for every $10,000 invested.

Other Filings And Launches

  • Bronxville, N.Y.-based Recon Capital Advisors has filed paperwork to market a covered-call ETF dubbed the Recon Capital Nasdaq 100 Covered Call ETF (QYLD) that will track the CBOE Nasdaq-100 BuyWrite Index. QYLD will cost 0.60 percent per year, or $60 for every $10,000 invested.

Nasdaq will relist its 12 VelocityShares ETNs on Dec. 2, shifting their primary listings to the Nasdaq exchange, from the NYSE Arca.

For a full list of ETF launches and filings for this year, see ETF Watch.

 

 

 

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