Hanwha Asset Management Launches Covered Call ETF With 55.3 Billion Won in Assets, Targets Tax Benefits Through Dividend Avoidance

According to Korea Exchange, Hanwha Asset Management's PLUS 200 Covered Call Active ETF reached net assets of 55.3 billion won as of July 23, 2026, just two weeks after launching in late June. The fund employs flexible option-selling strategies and dividend avoidance tactics to optimize returns in volatile markets.

The covered call strategy involves holding underlying stocks while selling call options to generate premium income. The dividend avoidance approach avoids the 15.4% dividend income tax by selling positions before ex-dividend dates and repurchasing afterward, maximizing tax-efficient income distribution.