Overview
Description
The Tesla Enhanced High Income Fund is an exchange-traded fund designed to generate high monthly income while providing exposure to Tesla Inc.'s stock performance. This fund employs a strategy that involves purchasing shares of Tesla and writing covered call options on these stocks to create enhanced yields. By doing so, it seeks to deliver a stream of income for investors looking to capitalize on Tesla's market activities. The fund focuses on investors interested in leveraging Tesla's potential growth while offsetting risk through income generation. It is aligned with the consumer discretionary sector, particularly the automotive and innovation space, which are synonymous with Tesla’s business model. Established as part of the current trend toward more tactical management strategies, the Tesla Enhanced High Income Fund plays a notable role in providing focused income opportunities in a robust and volatile market segment.
About
Address
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Phone
416 649 4541
Website
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Instrument type
ETF
Country
Canada
MIC code
XTSE