Harewood Solutions, a subsidiary of BNP Paribas, has started the IFSL Harewood U.S. Enhanced Income fund, Financial Times reports. The Ucits III compliant fund is structured as an Oeic. It offers “defensive” exposure to the S&P 500 Total Return Index. The vehicle is based on a strategy that pursues an optimized covered call strategy, which involves selling call options on a daily basis.

Click here for the story from Financial Times.