Yield Hunters Rejoice: Amplify Launches 12% And 10% Income Bond ETFs
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Amplify ETFs has launched two new covered call bond ETFs: the Amplify LQD Investment Grade 12% Target Income ETF (BATS:LQDM) and the Amplify HYG High Yield 10% Target Income ETF (BATS:HYGM). These funds aim to deliver annualized income of 12% and 10%, respectively, by combining corporate bonds with systematic weekly covered calls. The ETFs are part of Amplify's YieldSmart suite, targeting income in a challenging environment, with monthly payouts and expense ratios of 0.54% and 0.79%.
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