Goldman Sachs Files For Tech Index ETF

Goldman Sachs has filed for the Goldman Sachs U.S. Tech Index Equity Premium Income ETF, which is expected to be a competitor to the JPMorgan Nasdaq Equity Premium Income ETF (JEPQ A). JEPQ, launched in May 2022, has already amassed $3.3 billion in assets.

Amplify and Global X also offer popular covered call ETFs. The Global X NASDAQ 100 Covered Call ETF (QYLD A-) manages $7.5 billion, while the Amplify CWP Enhanced Dividend Income ETF (DIVO A-) manages $2.8 billion.

ETF Newz Says:

Given the ongoing market volatility, financial advisors are likely to continue seeking covered call strategies. There is room for further product development in this area, along with the need for education to help investors understand the unique features of each product.

Heavily Traded ETFs
SPDR S&P 500 - SPY
Invesco QQQ
Vanguard S&P 500 - VOO
Vanguard Total Market - VTI
Energy Select Sector - XLE
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