Shares & Derivatives
39% Dividend Yield?
By The Bedokian Portfolio  •  December 4, 2023
Apologies for the clickbaity title, but it’s true (for now). And 39% is an understatement; not counting the 30% withholding taxes (I guess you may know where this counter is listed at), the current yield is sitting at around 56%1. Introducing KLIP So, what is this marvellous counter? It is the KraneShares China Internet & Covered Call Strategy ETF (ticker: KLIP), listed on the NYSEARCA. Incepted early this year, KLIP is an income-focused ETF that provides a monthly dividend to investors by writing options on its own sister ETF, the KraneShares CSI China Internet ETF (ticker: KWEB). I had written how covered call ETFs work and vested in one of them, but to put in summary covered calls, though having a limited upside due to its nature, works well in times of market volatility. The past years had seen the Chinese technology and internet-related firms going through a roller coaster, partially in due to the sector’s regulatory crackdown and semi-conductor sanctions, etc.,...
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By The Bedokian Portfolio
My first encounter with the financial markets started in the aftermath of the 2008/2009 Global Financial Crisis. Before this, I had no notion of what investment and trading were, although I had learned about economics, business management and accounting back in my university studies. I was a trader when I first started, albeit an amateurish one, and trading was just a side hobby of mine ...
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