MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, February 19, 2025 REX Preps 4 Covered Call ETFs With a Twist The folks at a Nutmeg State fund firm are preparing to more than double their lineup of covered call ETFs. Yet the new offerings, unlike the existing ones, will each focus on single stocks.
All four planned ETFs are expected to debut sometime this year, but the filing provides no specific timing. The funds will each carry the same expense ratio: 99 basis points. Like Rex Shares' three existing covered call ETFs, these new funds will combine an options-based, covered call strategy (for generating income) with investing in another asset (in this case, single growth stocks). The Rex TSLA ETF will track Tesla, Inc., the REX NVDA ETF will track Nvidia Corporation, the REX MSTR ETF will track MicroStrategy Incorporated, and the REX COIN ETF will track Coinbase GLobal, Inc. All four planned ETFs will be actively managed, non-diversified series of the REX ETF Trust and will primarily list on the Cboe BZX Exchange, Inc.. The funds' other service providers will include: Chapman and Cutler LLP as counsel; Cohen & Company, Ltd. as independent accounting firm; ACA's Foreside Fund Services, LLC as distributor; U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as administrator, fund accountant, and transfer agent; and U.S. Bank National Association as custodian. Printed from: MFWire.com/story.asp?s=69545 Copyright 2025, InvestmentWires, Inc. All Rights Reserved |
