Exchange to Announce High Dividend Weekly Covered Call ATM Index on 24th

The Korea Exchange announced on the 19th that it will launch the "KOSPI High Dividend Weekly Covered Call ATM Index," an option strategy index investing in high dividend stocks and weekly options, on the 24th.

According to the Exchange, the KOSPI High Dividend Weekly Covered Call ATM Index has recorded superior returns compared to similar indices over the past three years. The cumulative return of this index is 59.7%, which is 36.6 percentage points higher than the KOSPI 200 High Dividend Covered Call ATM Index return. It also outperformed another similar index, the KOSPI 200 Weekly Covered Call ATM Index, by 52.1 percentage points.

The Exchange explained that the index secures distributable income by utilizing dividend income generated from purchasing high dividend stocks and option premiums earned from selling KOSPI 200 weekly call options. Furthermore, the Exchange stated that the index reflects strong investor demand for income-type products that can generate stable returns regularly.

An Exchange official said, "We will continue to contribute to the launch of various financial products and the activation of trading through the development of new indices reflecting market demand, and further strive to foster the growth of the capital market."

This content was produced with the assistance of AI translation services.