MASTERCLASS: Covered Call ETFs
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CIBC Global Asset Management, Global X Canada, and Harbourfront Wealth Management share insights into the evolving role of covered call ETFs.
Speakers:
- Chris McHaney, Executive Vice President, Head of Investment Management and Strategy at Global X Canada
- Greg Gipson, Managing Director & Head of ETFs at CIBC Global Asset Management
- Wes Ashton, CIM, FCSI, Senior Portfolio Manager at Harbourfront Wealth Management
Discussion Points:
- Introduction and Panelists
- Understanding Covered Calls and Covered Call ETFs
- Role of Covered Call ETFs in Portfolio Diversification
- Covered Calls: Index vs Individual Securities & Volatility
- Systematic vs Active Covered Call Strategies & Transparency
- Trade-Offs: Upside Potential and Cash Flow
- Covered Call Strategies in Different Market Environments
- Popularity of Covered Calls in the Current Market
- Covered Calls and Traditional Income Options
- Yield, NAV Grind, and Risks in Option ETFs
- Design Decisions in Building Covered Call ETFs
- The ETF Structure and Democratization of Alternatives
- Fee Structures, Trading Costs, and Implementation Efficiency
- Manager Discretion and Overlay Strategy Examples
- Covered Calls vs. Traditional Asset Classes
- Client Profiles and Suitability of Covered Call ETFs
- ETF Provider Index Selection, Design, and Investor Experience
- Future Evolution and Innovation in Covered Call ETFs
- Reflections on Growth and Best Practices in Covered Call Strategies
- Final Thoughts and Closing
