Syfe, a Singapore-based digital wealth platform, launched Income+ Max on October 12 with JP Morgan Asset Management and two other exchange-traded fund managers.

The portfolio is rolling out to users on Syfe’s platform. The multi-asset portfolio invests in equities, bonds, and gold. It also sells call options on some equity and gold holdings to generate income.

Syfe said the strategy targets monthly payouts at an annualised rate of 8% to 10%. Those payouts are not guaranteed and do not imply positive returns.

Such covered-call strategies can raise income through option premiums, but they can also limit upside in rising markets and may only cushion losses in downturns because investors remain exposed to the underlying assets.

Syfe said the portfolio expands its Income+ range and targets investors facing low dividend yields, concentrated stock markets, and volatile trading conditions.

The launch comes as covered-call exchange-traded funds are gaining traction in parts of Asia, including Hong Kong, amid demand for higher-yield income products.

🔗 Source: Syfe

Recent Syfe developments