Mike,
My apologies on being a bit late to respond, we were out helping and old soldier with a major project and away from the computer. I do agree with others that you will will not find funds less than 1X but there are funds that can help minimize the sting of a market correction. I am sure you are aware of BUY / WRITE funds and there are also funds such as the Eaton Vance Risk Managed fund: ETJ. This fund writes calls on a stock portfolio and also purchases PUT options on the S&P index to protect against major down moves in the market. ETJ has not been around very long but the .45 / share quarterly dividend was not cut during last years carnage. Perhaps if you are not interested in owning this fund you could glean some ideas from reading more about what they do and incorporating that knowledge into your investing?
Here is a link: http://individuals.eatonvance.com/fundinforedesign/fundspecific.asp?Type=closedend&fund =ETJ#
and a quote about the fund:
Investment Objective and Policies
The Fund's primary investment objective is to provide current income and gains, with a secondary objective of capital appreciation. Relative to other equity income funds, the Fund seeks to provide less volatile returns and reduced exposure to loss of value during stock market declines. In pursuing its investment objectives, the Fund will evaluate returns on an after-tax basis, seeking to minimize and defer shareholder federal income taxes.
Regards and good trading,
Jack W.
From: Mike Cleveland <mikeandjody1996@yahoo.com>
To: ConservativeOptionStrategies@yahoogroups.com
Sent: Wed, May 5, 2010 5:19:11 PM
Subject: Re: [ConservativeOptionStrategies] Re: ETFs That Minimize Market Movement
My apologies on being a bit late to respond, we were out helping and old soldier with a major project and away from the computer. I do agree with others that you will will not find funds less than 1X but there are funds that can help minimize the sting of a market correction. I am sure you are aware of BUY / WRITE funds and there are also funds such as the Eaton Vance Risk Managed fund: ETJ. This fund writes calls on a stock portfolio and also purchases PUT options on the S&P index to protect against major down moves in the market. ETJ has not been around very long but the .45 / share quarterly dividend was not cut during last years carnage. Perhaps if you are not interested in owning this fund you could glean some ideas from reading more about what they do and incorporating that knowledge into your investing?
Here is a link: http://individuals.
and a quote about the fund:
Investment Objective and Policies
The Fund's primary investment objective is to provide current income and gains, with a secondary objective of capital appreciation. Relative to other equity income funds, the Fund seeks to provide less volatile returns and reduced exposure to loss of value during stock market declines. In pursuing its investment objectives, the Fund will evaluate returns on an after-tax basis, seeking to minimize and defer shareholder federal income taxes.Regards and good trading,
Jack W.
From: Mike Cleveland <mikeandjody1996@
To: ConservativeOptionS
Sent: Wed, May 5, 2010 5:19:11 PM
Subject: Re: [ConservativeOption
Thank you Joe, but I am not looking to go opposite the market, rather "tame" the market. In other words there are ETFs that are 2X and 3X the market, I was wondering if there were any that were .5 the market. Not wanting to go opposite. Thank you.
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