AllianceBernstein Launches Actively Managed AB Equity Premium Income ETF (INK)
AllianceBernstein Holding L.P. (NYSE: AB) has announced the launch of its new actively managed exchange-traded fund, the AB Equity Premium Income ETF (ticker: INK), which will trade on the NASDAQ. The fund is designed to provide investors with broad exposure to the S&P 500 Index while utilizing a written covered call option overlay to generate regular income and capital appreciation. The strategy leverages AllianceBernstein's extensive experience in index and derivative-based strategies, drawing from its $90 billion expertise in these areas. Jane Street has been appointed as the Lead Market Maker for the fund. This launch aims to meet growing investor demand for outcome-oriented active ETFs that address both income generation and market volatility.