Infrastructure Capital Advisors has expanded its European ETF offering with SPYC, now listed on the LSE, Xetra and Borsa Italiana Exchanges and registered in 11 European markets. The fund combines actively selected S&P 500 equities with a flexible covered-call strategy, which involves selling call options on holdings, to seek monthly income while retaining potential for capital growth. Jay Hatfield said the strategy is designed to monetize increased volatility among S&P 500-listed companies through active options strategies while maintaining Infrastructure Capital’s portfolio and product-construction approach. The firm also lists the Infrastructure Capital Preferred Income UCITS ETF under ticker PFFI and the Nuclear Renaissance UCITS ETF under ticker NUKZ. The announcement says SPYC is for professional investors only, involves capital at risk and is a marketing communication. It warns that investors could lose principal and face equity, dividend, sector, company-size, options, real estate investment trust, master limited partnership, foreign investment, emerging-market, debt-security, depositary receipt, market-event, operational, turnover, trading, active-management, fund-share trading, premium/discount and liquidity risks. Foreign investments also face economic, political, regulatory and currency risks, while high-yielding equity and debt securities may carry elevated risks. SPYC is a recently organized investment company with no operating history, and investors are directed to the prospectus for further information.