A new ETF on Wall Street is offering investors a novel way to eke out income from the world of stocks by targeting an unlikely index: the Nasdaq 100.
Issuer Pacer ETF Distributors last week debuted a product that offers exposure to tech companies — more famous for furnishing growth than dividends — alongside amped-up income from the futures market. It joins a wave of new funds offering a slew of different ways to generate reliable income streams from equities of all stripes, often at the price of underperforming the broader market in a bull cycle.