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Benzinga

Business

Chandrima Sanyal

Kurv's KGLD ETF Turns Gold Gains Into A Monthly Paycheck As Prices Soar

ETFs

Kurv Investment Management launched the Kurv Gold Enhanced Income ETF (BATS:KGLD), a new approach to gold investing that promises more than superficial diversification.

Rather than merely tracking the price of gold, KGLD seeks to produce monthly income by employing options strategies on gold exchange-traded products (ETPs), basically turning the precious metal from a passive safe haven into a tax-sophisticated yield vehicle.

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