New Equity ETF from Global X on Xetra: access to Nasdaq-100 in combination with covered call strategy

Release date: 23 Nov 2022 | Deutsche Börse Cash Market

New Equity ETF from Global X on Xetra: access to Nasdaq-100 in combination with covered call strategy

A new exchange-traded fund issued by Global X has been tradable on Xetra and via Börse Frankfurt since Wednesday.

The Global X Nasdaq 100 Covered Call UCITS ETF tracks the performance of the Cboe NASDAQ-100 BuyWrite Index. The investment objective is to implement an investment in Nasdaq 100 companies in conjunction with a covered call strategy.

In the covered call strategy, call options with a short maturity on the main index are sold, thereby generating income in the form of option premiums. This has a positive effect on the return if the main index moves sideways or negatively. On the other hand, price increases can be limited to a certain extent. The covered call strategy offers investors an improved risk profile by cushioning the risk of loss.

Name

Asset class

ISIN

On-going charges

Distribution policy

Reference index

Global X Nasdaq 100 Covered Call UCITS ETF

Equity ETF

IE00BM8R0J59

0.45 per cent

distributing

Cboe Nasdaq-100 BuyWrite V2 UCITS Index

The product offering in Deutsche Börse's XTF segment currently comprises a total of 1,993 ETFs. With this selection and an average monthly trading volume of around €19 billion, Xetra is the leading trading venue for ETFs in Europe.


Further information

Market Status

XETR

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