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Simplify Adds to Its Innovative Suite of Income-Focused ETFs With the Launch of Enhanced Income Fund (HIGH) And Stable Income Fund (BUCK).
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Both funds are designed to enhance portfolio yield without significant credit or duration exposure.
October 28, 2022
NEW YORK, (BUSINESS WIRE) – Simplify Asset Management (“Simplify”), an innovative provider of Exchange Traded Funds (“ETFs”), is today announcing the launch of its two newest ETFs, the latest addition to the firm’s fast-growing lineup of income-generating solutions.
The Simplify Stable Income ETF (NYSE Arca: BUCK) is the firm’s first cash alternative ETF and is designed to enhance typical yields on cash via an option writing strategy with low correlation to traditional credit and duration exposures. Simplify employs a sophisticated option-writing algorithm to sell spreads on the most liquid global equity indices, layering this option writing on top of short-dated Treasuries in a highly risk-controlled manner.
Launching simultaneously is the Simplify Enhanced Income ETF (NYSE Arca: HIGH), designed as an alternative high yield solution for investors and advisors with a focus on delivering significant income with low correlation to traditional credit and duration exposure. As with BUCK, HIGH is powered by a sophisticated option-writing algorithm that dynamically selects option type, underlier and strikes to generate attractive risk-adjusted returns.
“We are very excited about today’s launch of BUCK and HIGH, two powerful new tools for investors and advisors in their search for yield,” said Paul Kim, CFA, CEO and Co-Founder with Simplify. “Traditional approaches to fixed income have been exposed this year as either under-delivering when it comes to generating income or being highly volatile in the midst of the market chaos that has marked so much of 2022. With BUCK and HIGH, there is an equal focus on income generation and risk management, providing what we believe will be appealing alternatives to cash and high yield bonds, respectively, with the opportunities for boosted yields while managing tail risk.”
BUCK and HIGH join a Simplify ETF lineup that includes numerous first-of-their-kind yield- and fixed income-focused alternatives, including the Simplify Interest Rate Hedge ETF (PFIX), Simplify Risk Parity Treasury ETF (TYA), and Simplify High Yield PLUS Credit Hedge ETF (CDX).
“Income investing is ripe for innovation, and we’re very excited to be adding BUCK and HIGH to our lineup as we continue to educate the investor marketplace about the role that options-driven approaches and other new ways of finding and delivering yield can play in portfolios,” added Kim.
ABOUT SIMPLIFY ASSET MANAGEMENT INC
Simplify Asset Management Inc. is a Registered Investment Adviser founded in 2020 to help advisors tackle the most pressing portfolio challenges with an innovative set of options-based strategies. By accounting for real-world investor needs and market behavior, along with the non-linear power of options, our strategies allow for the tailored portfolio outcomes for which clients are looking. For more information, visit www.simplify.us.
The Simplify Stable Income ETF (NYSE Arca: BUCK) is the firm’s first cash alternative ETF and is designed to enhance typical yields on cash via an option writing strategy with low correlation to traditional credit and duration exposures. Simplify employs a sophisticated option-writing algorithm to sell spreads on the most liquid global equity indices, layering this option writing on top of short-dated Treasuries in a highly risk-controlled manner.
Launching simultaneously is the Simplify Enhanced Income ETF (NYSE Arca: HIGH), designed as an alternative high yield solution for investors and advisors with a focus on delivering significant income with low correlation to traditional credit and duration exposure. As with BUCK, HIGH is powered by a sophisticated option-writing algorithm that dynamically selects option type, underlier and strikes to generate attractive risk-adjusted returns.
“We are very excited about today’s launch of BUCK and HIGH, two powerful new tools for investors and advisors in their search for yield,” said Paul Kim, CFA, CEO and Co-Founder with Simplify. “Traditional approaches to fixed income have been exposed this year as either under-delivering when it comes to generating income or being highly volatile in the midst of the market chaos that has marked so much of 2022. With BUCK and HIGH, there is an equal focus on income generation and risk management, providing what we believe will be appealing alternatives to cash and high yield bonds, respectively, with the opportunities for boosted yields while managing tail risk.”
BUCK and HIGH join a Simplify ETF lineup that includes numerous first-of-their-kind yield- and fixed income-focused alternatives, including the Simplify Interest Rate Hedge ETF (PFIX), Simplify Risk Parity Treasury ETF (TYA), and Simplify High Yield PLUS Credit Hedge ETF (CDX).
“Income investing is ripe for innovation, and we’re very excited to be adding BUCK and HIGH to our lineup as we continue to educate the investor marketplace about the role that options-driven approaches and other new ways of finding and delivering yield can play in portfolios,” added Kim.
ABOUT SIMPLIFY ASSET MANAGEMENT INC
Simplify Asset Management Inc. is a Registered Investment Adviser founded in 2020 to help advisors tackle the most pressing portfolio challenges with an innovative set of options-based strategies. By accounting for real-world investor needs and market behavior, along with the non-linear power of options, our strategies allow for the tailored portfolio outcomes for which clients are looking. For more information, visit www.simplify.us.
