BNY Mellon’s global head of ETFs suggested exchange-traded funds using options overlays could become next year’s hot product.
“We are absolutely going to see more of these options-based products come to market,” Ben Slavin told CNBC’s “ETF Edge” on Monday. “We see it in our own book.”
Options overlays are a way for investors to hedge against downside.
“Ultimately, there’s going to be more issuers that are continuing to chase this trend that we’re seeing,” Slavin said.
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Source link: https://www.cnbc.com/2023/12/16/this-etf-offering-could-become-next-years-hot-product.html