GLOBAL X ENHANCED EQUAL WEIGHT CANA CL A UNITSGLOBAL X ENHANCED EQUAL WEIGHT CANA CL A UNITSGLOBAL X ENHANCED EQUAL WEIGHT CANA CL A UNITS

GLOBAL X ENHANCED EQUAL WEIGHT CANA CL A UNITS

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Key stats


Assets under management (AUM)
‪116.08 M‬CAD
Fund flows (1Y)
‪67.55 M‬CAD
Dividend yield (indicated)
14.91%
Discount/Premium to NAV
0.2%

About GLOBAL X ENHANCED EQUAL WEIGHT CANA CL A UNITS


Issuer
Mirae Asset Global Investments Co., Ltd.
Brand
Global X
Expense ratio
2.86%
Home page
Inception date
Jul 5, 2023
Index tracked
Solactive Equal Weight Canada Banks Index - CAD
Management style
Passive
The fund aims to provide 1.25x covered call exposure to the underlying index, which invests in stocks of Canadian banks. These banks must be primarily listed on the TSX and are classified by FactSet Industries as Major Banks or Regional Banks. To be eligible for inclusion, companies should meet instability and liquidity requirements. The underlying index equally weights its constituents and rebalances semi-annually in March and September. The fund may hold constituent securities of the underlying index or may opt to invest in ETFs. The fund utilizes a covered call option strategy and engages in securities lending to generate additional returns. Additionally, the fund will maintain a leverage ratio of approximately 125% through cash borrowing.

Classification


Asset Class
Equity
Category
Sector
Focus
Financials
Niche
Banks
Strategy
Equal
Weighting scheme
Equal
Selection criteria
Market cap
What's in the fund
Exposure type
Bonds, Cash & Other
ETF
Stock breakdown by region
100%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Neutral
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Neutral
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Neutral
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Neutral
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Moving Averages
Neutral
SellBuy
Strong sellStrong buy
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Moving Averages
Neutral
SellBuy
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Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.