KraneShares KWEB Covered Call Strategy ETF (KLIP)
KraneShares KWEB Covered Call Strategy ETF operates in the Asset Management - Income industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $24.10, down 0.64% on the session, giving a market capitalisation of $98.8M. Its beta of 0.34 implies it has historically moved less than the broad market.
Under typical market conditions, this fund's core strategy involves allocating a minimum of 80% of its total assets to investments that track the CSI Overseas China Internet Index. This can be achieved either through direct holdings of the index's constituent securities or by using financial instruments with similar economic attributes. Concurrently, the fund aims to generate revenue by selling covered call options linked to this same index or to comparable financial products. Currently, the investment advisor plans to execute this approach by acquiring shares in the KraneShares CSI China Internet ETF (referred to as its "underlying fund") and subsequently writing covered call options directly on those ETF shares. This fund is categorized as non-diversified.
KraneShares KWEB Covered Call Strategy ETF is most often compared with the following Financial Services names: