September 19, 2012 at 18:53 PM EDT
New AdvisorShares STAR Global Buy-Write ETF (VEGA)
AdvisorShares, the leader in actively managed ETFs, has rolled out a new ETF that buys global ETFs and sells covered calls against them. The goal: to generate income. AdvisorShares STAR Global Buy-Write ETF (VEGA) uses a strategy called, "Volatility Enhanced Global Appreciation," or VEGA. Used in buy-write strategies, a covered call is similar to collecting rent on your stock or ETF. It involves selling calls against stocks or other investments
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