Covered call ETF strategy for financials

|By:, SA News Editor

Open for trade is the Horizons S&P Financial Select Sector Covered Call ETF (HFIN), which aims for extra income by using covered-calls on stocks in the S&P Financial Select Sector Index (related ETF: XLF). The HFIN has an expense ratio of 0.7%.

In other ETF news: ProShares updates paperwork on its Short Term USD Emerging Markets Bond ETF (EMSH), detailing an expense ratio of 0.5%. ALPS files to launch a Workplace Equality Fund (EQLT). "The ETF consists of approximately 140 stocks of U.S. and foreign companies that support equality for lesbian, gay, bisexual and transgender employees." The expense ratio will be 0.75%.