Global X S&P/TSX 60 Covered Call ETF (CNCC.TO) TSX
14.40
+0.13(+0.91%)
Currency In CAD
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Global X S&P/TSX 60 Covered Call ETF
Address
161 Bay Street, Suite 2700
Toronto, ON M5J 2S1
Canada
Phone
1-866-641-5739
Sector
Financial Services
Industry
Asset Management - Income
Employees
N/A
First IPO Date
April 07, 2011
Key Executives
N/ADescription
Direct exposure to some of the largest and most liquid stocks listed in Canada and then uses a covered call strategy to help generate additional income on the portfolio. CNCC seeks to generate additional income through covered call writing, which historically produces higher yields in periods of volatility.* *Covered call writing can limit the upside potential of the underlying security. Designed to provide a consistent monthly income with an opportunity for growth. CNCC seeks to provide: (a) exposure to the performance of the large-cap segment of the Canadian equity market; and (b) monthly distributions of dividend and call option income. To mitigate downside risk and generate income, CNCC will employ a dynamic covered call option writing program.