To offset the downside risks of precious metals as prices come under increasing pressure, Credit Suisse has launched a silver exchanged traded note that aims to generate income through a covered call options strategy. The Credit Suisse Silver Shares Covered Call ETN (SLVO) provides exposure to the iShares Silver ETF (SLV) and is the first exchange-traded product in the US …
New ETFs On The Block: Credit Suisse Gold Shares Covered Call ETN (GLDI)
Credit Suisse launched a new exchange-traded note (ETN) last month that offers investors exposure to price movement of gold in addition to monthly income distributions. The Credit Suisse Gold Shares Covered Call ETN (GLDI) is the first gold fund in the US that deploys a covered call strategy. GLDI is linked to the Credit Suisse NASDAQ Gold FLOWS 103 Index, …