OCBC launches global dividend fund which sells covered call options.

OCBC fund offers 6%-8% payout…

He said GHPF was able to generate average returns of 8% by adopting the two-pronged ??uy?? and ??rite?? strategy.

Many unit trust funds, he said, purchased equities for growth and dividends.

??HPF invests in global high dividend stocks and sells covered call options on underlying stocks for a premium to generate additional income,?? he told StarBiz in an interview.

A call option gives the right to buy an underlying stock at a specific price in the future. Selling or writing call options allows a seller to earn option premium income upfront.

If the underlying stock rises above the exercise price, the call option buyer can exercise the option for a profit. Otherwise, the option will expire worthless and the option seller earns the premium.

• ASW 2020 6.80 sen Dividend
• OKS-UOB Thematic Growth Fund
• Pacific Mutual declares payout for 5 funds
• Pacific Mutual Declares Income for 5 Funds
• Google AdSense via Western Union
• PB Asia Real Estate Income Fund (PBAREIF)
• CIMB-Principal MENA Equity Fund
• New Fund: Prudential's Global Basics Fund