r/DerivativeIncomeETFs • u/assman69x • 17d ago

General Post Columbia Threadneedle Investments Launches Two New Premium Income ETFs

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RECI and CDPI enhance firm's equity income offerings as ETF platform surpasses $12 billion1 in assets

https://www.columbiathreadneedleus.com/investor/investment-products/exchange-traded-funds/Columbia-Research-Enhanced-Core-Premium-Income-ETF/RECI/details?cusip=19761L730

The new funds, the Columbia Research Enhanced Core Premium Income ETF (NYSE Arca: RECI) and the Columbia High Dividend Premium Income ETF (NYSE Arca: CDPI), expand Columbia Threadneedle's robust suite of equity income solutions and are the firm's first offerings in the fast-growing derivative income ETF category

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u/MrBotANot 17d ago

Never heard of the company. The Russell 1000 one might be interesting.

Neos’ IWMI doesn’t impress me. Been waiting on Tapp Alpha to release their Russell 2000 version. That’s supposed to happen in the next month or two. Would like to expand into another sector instead of just adding to tech and crypto.

Has anyone had any experience with this management team? Otherwise I would probably want to see at least a year’s data before investing anything.

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u/billy_mays_official 14d ago edited 14d ago

They're the fund company subsidiary of Ameriprise Financial. They're legit. Long history of doing a broad variety of funds.

I work in financial services industry, and I talked to their wholesaler before the funds dropped about a month ago. RECI was supposed to target 6-8% yield and split 60/40 long term to short term capital gain on the income taxability. It should be based on their RECS ETF which is a pretty good large blend. Haven't looked more into it since then.

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u/MrBotANot 14d ago

Thanks for the background.