Bell-Ringing Today for ETF that Tracks CBOE NASDAQ-100 BuyWrite Index (BXN)

This morning I had the privilege of participating in a market-opening bell-ringing in New York City for a new ETF that is designed to track the CBOE NASDAQ-100 BuyWrite Index (BXN).

The new ETF is the Recon Capital NASDAQ-100 Covered Call ETF (ticker QYLD).  In my brief remarks I noted that many investors now are searching for instruments with high yields and the potential for strong gains in times of low interest rates.   Despite the fact that some investors think of bonds as low-risk safe-haven investments, many experts believe that bonds in today’s low-interest rate environment have quite a bit of downside risk; some key Treasury indexes fell in 2013 (see chart).  To read studies by leading consulting firms (Cambridge Associates, Ibbotson Associates, Callan Associates, Hewitt EnnisKnupp and other leading firms) on how BuyWrite indexes could help you smooth out portfolio returns, please visit www.cboe.com/benchmarks.

mm buy

mm bxn 1528525_10152171175172429_1291178001_n

 

(photo courtesy of NASDAQ OMX Group)

 

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Matt Moran

Matt Moran is vice president of business development for Chicago Board Options Exchange (CBOE), where he communicates with pension funds, mutual funds, and financial advisors. He has delivered more than 200 presentations worldwide on the topics of managing volatility and adding income with option-writing strategies. Previously,…

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