SoFi Technologies, the digital personal finance company, has announced the launch of the SoFi Enhanced Yield ETF.
With THTA, SoFi is providing a distinct way to generate monthly income for investors who are seeking a distinct way to do so, with the fund distributing monthly distributions via a portfolio of one-to-three-month short-term Treasury Bills while also implementing a data-driven options overlay strategy.
THTA provides a simple, liquid way to diversify one’s portfolio by introducing what is a fast-growing emerging asset class: options-powered income strategies.
The new fund will also take advantage of tax loss harvesting opportunities in addition to utilizing ZEGA options strategy. The SoFi Enhanced Yield ETF’s options strategy will be actively managed by ZEGA Financial, a leader in options-focused investing.
The investing landscape has expanded beyond the traditional 60/40 to include assets that can offer more targeted objectives and increased diversification benefits. The SoFi Enhanced Yield ETF was designed as a modern, alternative strategy that can cater to investors seeking potentially higher-yielding investment options.