Profile
Assets class:
EquityAssets under management:
$511 MAverage volume:
$134 KDomicile:
USExpense ratio:
1.14%Inception date:
12 September 2022Website:
-Last dividends:
24 October 2024Next dividends:
N/ATop countries
Dividend yield TTM
BUYW Latest News
BUYW is an actively-managed covered call ETF that invests in a portfolio of ETFs and sells covered calls. BUYW has a high expense ratio of 1.31% and has had mixed results since inception. Other covered call ETFs offer stronger performance and lower expenses, making BUYW an unfavorable investment choice.
Main Buywrite ETF opportunistically writes call options on a basket of various ETFs the manager deems to be attractive. BUYW ETF has outperformed in the short term due to a stellar 2022, when the fund avoided losses. However, it is unclear how this performance was achieved. Overall, if we exclude the 2022 performance, the BUYW is a middle-of-the-pack buywrite fund that charges a high expense ratio. I am not confident the 2022 performance is repeatable.
Protection plays were a prominent strategy last year, but the rally during the first half of 2023 is prompting more ETF investors to rethink the growth trade.
Kim Arthur, CEO of Main Management, joins 'Halftime Report' to discuss Buy-Write ETF strategies, international ETFs underperforming this year, and investing in ETFs according to market performance.
VettaFi's vice chairman Tom Lydon discussed the Main BuyWrite ETF (BUYW) on this week's “ETF of the Week” podcast with Chuck Jaffe of “Money Life.” BUYW targets hedged equity strategies, Lydon said.
The Main BuyWrite Fund is an exchange traded fund. The vehicle employs both a covered-call strategy and a cash-covered put writing one.
What is BUYW ETF?
The fund invests in domestic and international exchange-traded funds (ETFs) to provide investors with sustained exposure to domestic and foreign equity markets over time. The fund also uses the Adviser’s “BuyWrite” strategy, an investment strategy of writing (selling) call options on a security owned by the fund to generate additional returns from the option premium. The fund also seeks returns by writing (selling) secured put options.
What is BUYW assets class?
Assets class of BUYW ETF is 'Equity'
What is BUYW assets under management?
Assets under management of BUYW ETF is $511 M
What is BUYW average volume?
Average volume of BUYW ETF is $134 K
What is BUYW domicile?
Domicile of BUYW ETF is US
What is BUYW expense ratio?
Expense ratio of BUYW ETF is 1.14%
What is BUYW inception date?
Inception date of BUYW ETF is 12 September 2022
What is BUYW website?
Website of BUYW ETF is null