Global X Enhanced S&P/TSX 60 Covered Call ETF (CNCL.TO) TSX
Currency In CAD
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Currency In CAD
Address
161 Bay Street, Suite 2700
Toronto, ON M5J 2S1
Canada
Phone
416 933 5745
Sector
Financial Services
Industry
Asset Management - Income
Employees
N/A
First IPO Date
July 07, 2023
This ETF (CNCL) offers investors exposure to the growth prospects of Canada's most prominent and liquid large-cap companies. It aims to boost both capital growth and income potential by applying a modest 125% leverage, primarily through cash borrowing, while staying within defined prospectus limits. A core component of its strategy involves a dynamic covered call program designed to generate regular monthly distributions and mitigate portfolio volatility. Overall, CNCL strives to provide consistent monthly income from dividends and option premiums, alongside long-term capital appreciation, all while mirroring the performance of the Canadian large-cap equity market, net of its operational costs.