Download as pdf or txt
Download as pdf or txt
You are on page 1of 2

Global X ETFs Brings Its First Covered Call Strategy to the European Market with Launch of QYLD

NEW YORK, 23 November, 2022 -- Global X ETFs, the New York-based provider of exchange-traded funds
(ETFs), today announced the launch of the Global X Nasdaq 100 Covered Call UCITS ETF (QYLD) on
London Stock Exchange and Deutsche Börse Xetra. The launch of QYLD represents Global X’s first
synthetic product, which will replicate the underlying index via a total return swap. The fund is the firm’s
latest addition to its family of Income products, which help investors increase or diversify their
portfolio’s yield potential.

In a rising rate environment, options-based strategies like covered calls may provide income for
investors through higher options premiums due to greater levels of implied volatility priced into the
market. By writing call options on a basket of equities while still holding the underlying assets, covered
call strategies limit upside participation but can generate steady income during turbulent periods. These
strategies, such as QYLD, can also diversify an investor’s sources of income away from equities and
bonds, which historically struggle in rising rate environments.

“Amid central banks hiking interest rates, geopolitical instability, and volatile market conditions, covered
call strategies can offer investors a critical buffer via elevated premiums,” said Rob Oliver, Head of
Business Development for Global X ETFs in Europe. “I’m thrilled to announce that Global X is bringing
QYLD to investors as part of our growing family of income-based solutions that look beyond traditional
fixed income.”

With an expense ratio of 0.45%, QYLD relies on a total return swap in order to replicate a “buy-write”
strategy with the goal of lowering tracking errors and minimizing overall costs.

About Global X ETFs

Global X ETFs was founded in 2008. For more than a decade, our mission has been empowering
investors with unexplored and intelligent solutions. Our product lineup features over 90 ETF strategies
and over $36 billion in assets under management. i While we are distinguished for our Thematic Growth,
Income and International Access ETFs, we also offer Core, Commodity, and Alpha funds to suit a wide
range of investment objectives. Explore our ETFs, research and insights, and more at
www.globalxetfs.com.

Global X is a member of Mirae Asset Financial Group, a global leader in financial services, with more
than $540 billion in assets under management worldwide. ii Mirae Asset has an extensive global ETF
platform ranging across the US, Australia, Brazil, Canada, Colombia, Europe, Hong Kong, India, Japan,
Korea, and Vietnam with over $80bn in assets under management. iii
Prospectuses and Key Investor Information Documents (KIIDs) for this fund is available in English at
www.globalxetfs.eu.

This information is not intended to be individual or personalised investment or tax advice and should not
be used for trading purposes. Please consult a financial advisor or tax professional for more information
regarding your investment and/or tax situation.

Investing involves risk, including the possible loss of principal.

Information provided by Global X Management Company LLC (Global X ETFs or Global X).

This material has been approved as a financial promotion, for the purposes of section 21 of the Financial
Services Market Act 2000 (FSMA), by Resolution Compliance Limited, which is authorised and regulated
by the Financial Conduct Authority (FRN:574048).

Media Contact:

Matt Rogers, JPES Partners


matt.rogers@jpespartners.com
+44 (0)20 7520 7620

###

i Source: Global X, as of November 2022


ii Mirae Asset, as of November 2022
iii Mirae Asset, as of September 2022

You might also like