flatexDEGIRO teams with DWS on two co-branded ETFs
flatexDEGIRO has partnered with DWS to develop two co-branded Xtrackers ETFs covering diversified global equities and euro bonds, according to Luxembourg registrations.
The Global X U.S. TaxSmart Income Edge ETF will combine a portfolio of high-dividend U.S. stocks with a covered-call strategy designed to support weekly distributions. The actively-managed fund seeks an annualized payout rate equal to twice the dividend yield of its underlying high-dividend index by supplementing stock dividends with option-premium income. Unlike traditional covered-call funds, options will be written on broad-market ETF exposures rather than directly on the portfolio’s holdings, a structure intended to improve tax efficiency and increase the likelihood that distributions qualify as qualified dividend income. The strategy may also distribute return of capital and offers no guarantee of achieving its targeted payout rate.
Source: SEC Filings
flatexDEGIRO has partnered with DWS to develop two co-branded Xtrackers ETFs covering diversified global equities and euro bonds, according to Luxembourg registrations.
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