DJIA39760.08 477.75
S&P 5005248.49 44.91
NASDAQ16399.52 83.82
Russell 20002116.20 44.40
German DAX18475.06 75.83
FTSE 1007931.98 1.02
CAC 408204.81 20.06
EuroStoxx 505082.75 17.40
Nikkei 22540398.03 -16.09
Hang Seng16392.84 -225.48
Shanghai Comp2993.14 -38.34
KOSPI2757.09 19.52
Bloomberg Comm IDX98.31 -0.37
WTI Crude-fut85.68 0.45
Brent Crude-fut81.61 -0.35
Natural Gas1.72 -0.07
Gasoline-fut2.68 0.00
Gold-fut2212.20 13.00
Silver-fut24.69 0.15
Platinum-fut909.90 -7.30
Palladium-fut995.50 -5.00
Copper-fut401.00 0.90
Aluminum-spot1815.00 0.00
Coffee-fut190.65 2.60
Soybeans-fut1192.50 -6.50
Wheat-fut547.50 4.00
Bitcoin70323.00 1257.00
Ethereum USD3571.85 96.24
Litecoin96.02 0.89
Dogecoin0.20 0.01
EUR/USD1.0818 -0.0011
USD/JPY151.26 -0.07
GBP/USD1.2621 0.0001
USD/CHF0.9055 -0.0005
USD IDX104.37 0.08
US 10-Yr TR4.208 0.012
GER 10-Yr TR2.293 0.001
UK 10-Yr TR3.932 0.002
JAP 10-Yr TR0.707 -0.015
Fed Funds5.5 0
SOFR5.32 0.01

Connect Money In Your Inbox.

Sign up to get the most important news on the business of financial services delivered daily.

Sub Markets

Property Sectors

Topics

Alternative Assets  + ETFs  + Financial Advisory  + Markets  + RIAs & Financial Advisors  + Wealth Management  | 

Nicholas Wealth Management Launches Fixed Income Alternative ETF

Nicholas Wealth Management has debuted the Nicholas Fixed Income Alternative ETF (FIAX). 

The actively managed fund combines exposure to short-term Treasury debt with an options premium strategy that features vertical credit and debit spreads built using options on ETFs and individual securities representing multiple asset classes. 

Investors who want yield from a diversified fixed income portfolio without incurring the duration risk from traditional fixed income instruments would find the ETF attractive. 

The Fund invests 60% to 90% of assets in short-term US Treasuries which serve to generate income and act as collateral for the fund’s options-based strategy, which accounts for the remaining 10% to 40%, according to the prospectus.  

The option spreads on ETFs and indices are linked to the performance of equities, fixed income and commodities. 

The Fund’s returns are primarily driven by the premiums received when writing options. The risk level of the spreads used by the ETF will generally vary from 1% to 3% depending on the time to expiration. 

FIAX comes with an expense ratio of 0.95% 

The fund is led by David Nicholas, Founder and President of Nicholas Wealth Management, alongside Jay Pestrichelli, co-Founder and CEO of ZEGA Financial, and Michael Venuto, CIO of Toroso Investments. 

Pictured: David Nicholas

Connect

Inside The Story

Nicholas Wealth Management

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

New call-to-action
New call-to-action