Global X - Gold Producer Equity Covered Call - ETF (GLCC.TO) TSX

49.77

+0.96(+1.97%)

Updated at September 26 03:59PM

Currency In CAD

Global X - Gold Producer Equity Covered Call - ETF

Address

Canada

Phone

N/A

Sector

Financial Services

Industry

Asset Management

Employees

N/A

First IPO Date

April 21, 2011

Key Executives

N/A

Description

The fund aims for exposure to North American companies and monthly distributions of dividend and call option income. Its equal-weighted portfolio is composed of equity and equity-related securities of companies that are primarily involved in gold mining and exploration. There are also amongst the largest and most liquid issuers in their sector. In order to mitigate risks and generate income, the fund will generally write covered call options on 100% of the portfolios securities and may vary based on market volatility and other factors. Foreign currency gains or losses as a result of Horizons HEPs investment in non-Canadian issuers will be hedged back to the CAD to the best of its ability.