UBS Euro Equity Defensive Covered Call SF UCITS ETF EUR acc

This exchange-traded fund (ETF) tracks a custom-built index that aims to generate returns from European equities while mitigating downside risk through a covered call strategy. This strategy involves holding a portfolio of underlying assets (equities) and selling call options on these assets. The objective is to generate income (premiums from selling calls) and potentially reduce volatility, though it also caps potential upside gains.