Covered call funds

I found an old Seeking Alpha article that takes a look at covered call funds. Readers know that this is my favored strategy. For investors that want a hands off approach, these closed end funds may be worth a look. The hefty yields look attractive, however, the long term performance, and management effectiveness is still up in the air. Certainly not a place to put a lot of money, because of the short track record (the oldest fund started in 2004).

Another interesting fund is SDY, a SP500 fund that buys the highest yielders in the index.