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Targeting Income and Reduced Volatility, Horizons Launches Financials-Sector Covered-Call ETF

The new fund is Horizon's 2nd covered-call exchange-traded fund. Also, FactorShares shutters 5 tiny double-leveraged long-short ETFs, and Global X proposes 2 more Guru-themed ETFs.

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On Nov. 18, Horizons rolled out its second exchange-traded fund--a passively managed, covered-call ETF devoted to the financials sector.

The launch of Horizons S&P Financial Select Sector Covered Call ETF (HFIN) comes some five months after the launch of Horizons' first United States ETF, Horizons S&P 500 Covered Call ETF (HSPX).

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Robert Goldsborough does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.