WEBs Investments Files Three Active Synthetic Autocallable Income ETFs

WEBs Investments has filed for three actively managed ETFs that employ the same laddered synthetic autocallable strategy but with different underlying reference indexes. Each fund will primarily use total return swaps to gain exposure to an index of synthetic autocallable instruments tied to its respective volatility-managed benchmark, seeking to generate high income through conditional coupon payments while providing predefined downside protection. All three nondiversified ETFs may hold short-term Treasuries and other collateral assets, and may use box spreads and a Cayman subsidiary to implement the strategy.