Global X S&P 500 Covered Call ETF (USCC.TO) TSX

19.76

-0.04(-0.20%)

Updated at April 24 09:30AM

Currency In CAD

Global X S&P 500 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

Employees

N/A

First IPO Date

January 21, 2014

Key Executives

N/A

Description

Direct exposure to the performance of some of the largest and most liquid large-cap companies listed in the U.S. Looks to generate 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. USCC seeks to provide: (a) exposure to the performance of the large-cap market segment of the U.S. equity market and (b) monthly U.S. dollar distributions of dividend and call option income. To mitigate downside risk and generate income, USCC.U will employ a dynamic covered call option writing program. USCC will not seek to hedge its exposure to the U.S. dollar back to the Canadian dollar.