Compare with Global X Enhanced Equal Weight Canadian Banks Covered Call ETF Trust Units A
Key stats
Fund info
Home page
Inception date
Jul 5, 2023
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
Global X Investments Canada, Inc.
ISIN
CA37962V1094
CUSIP
37962V109
FIGI
BBG01HBGYD25
Identifiers
ISIN CA37962V1094
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
Summarizing what the indicators are suggesting.
Oscillators
Neutral
Oscillators
Neutral
Summary
Neutral
Summary
Neutral
Summary
Neutral
Moving Averages
Neutral
Moving Averages
Neutral
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently asked questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
BKCL trades at 26.30 CAD today, its price has fallen −0.19% in the past 24 hours. Track more dynamics on BKCL price chart.
BKCL net asset value is 26.26 today — it's fallen 0.21% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
BKCL assets under management is 184.24 M CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
BKCL price has fallen by −1.17% over the last month, and its yearly performance shows a 23.13% increase. See more dynamics on BKCL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −0.21% over the last month, have fallen by −0.21% over the last month, showed a −5.30% decrease in three-month performance and has increased by 38.27% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −0.21% over the last month, have fallen by −0.21% over the last month, showed a −5.30% decrease in three-month performance and has increased by 38.27% in a year.
BKCL fund flows account for 7.43 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
BKCL invests in funds. See more details in our Profile section.
BKCL expense ratio is 2.86%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
Yes, BKCL is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, BKCL technical analysis shows the neutral rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating BKCL shows the buy signal. See more of BKCL technicals for a more comprehensive analysis.
Today, BKCL technical analysis shows the neutral rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating BKCL shows the buy signal. See more of BKCL technicals for a more comprehensive analysis.
Yes, BKCL pays dividends to its holders with the dividend yield of 11.37%.
BKCL trades at a premium (0.01%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
BKCL shares are issued by Mirae Asset Global Investments Co., Ltd.
BKCL follows the Solactive Equal Weight Canada Banks Index - CAD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jul 5, 2023.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.