NASDAQ OMX is proud to welcome a new Silver ETP, the CreditSuisse Silver Shares Covered Call Exchange Traded Note (SLVO). SLVO will track to the CreditSuisse NASDAQ SilverFLOWS106 Index (QSLVO).
SLVO gives investors an opportunity to add physical silver shares to their investment portfolio through a covered call strategy. In this approach income is generated from premiums paid by call options on long positions. This ETN is similar to the CreditSuisse Gold Shares Covered Call ETN (GLDI) that launched on NASDAQ last quarter.
The SilverFLOWS106 Index can be found in the NASDAQ Dividend and Income Index Family,