Global X NASDAQ-100 Covered Call ETF (QQCC.TO)
Company overview
This ETF offers investors a way to gain exposure to the performance of the 100 largest non-financial companies, by market capitalization, listed on the NASDAQ stock exchange (currently represented by the NASDAQ-100 Index). Its core purpose is to deliver a consistent monthly income stream alongside opportunities for growth. To achieve this, and also to help mitigate potential losses, QQCC implements a dynamic covered call option writing program, a technique historically associated with higher yields during volatile market conditions. It's important to recognize that employing covered calls can restrict the potential for significant upside appreciation of the underlying holdings. After fees and to the fullest extent possible, QQCC aims to provide both investment exposure to the NASDAQ-100 Index and monthly distributions in U.S. dollars, generated from dividends and the sale of call options. Notably, the ETF does not currency hedge its U.S. dollar assets back to the Canadian dollar.
No price history available.
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Global X NASDAQ-100 Covered Call ETF (QQCC.TO)
No price history available.
This ETF offers investors a way to gain exposure to the performance of the 100 largest non-financial companies, by market capitalization, listed on the NASDAQ stock exchange (currently represented by the NASDAQ-100 Index). Its core purpose is to deliver a consistent monthly income stream alongside opportunities for growth. To achieve this, and also to help mitigate potential losses, QQCC implements a dynamic covered call option writing program, a technique historically associated with higher yields during volatile market conditions. It's important to recognize that employing covered calls can restrict the potential for significant upside appreciation of the underlying holdings. After fees and to the fullest extent possible, QQCC aims to provide both investment exposure to the NASDAQ-100 Index and monthly distributions in U.S. dollars, generated from dividends and the sale of call options. Notably, the ETF does not currency hedge its U.S. dollar assets back to the Canadian dollar.
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