Global X Equal Weight Canadian Telecommunications Covered Call ETF Trust Unit A
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Key stats
About Global X Equal Weight Canadian Telecommunications Covered Call ETF Trust Unit A
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Inception date
Apr 30, 2025
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
Global X Investments Canada, Inc.
ISIN
CA37965W1041
The fund seeks to provide exposure to Canadian telecom companies while providing high monthly income and options premiums. The fund invests directly or indirectly in ETFs that track an equal-weighted index of Canadian telecom companies. To mitigate downside risk and generate premiums, the fund employs a dynamic covered call option writing program. The fund does not hedge its exposure to foreign currencies back to CAD and may hold cash, cash equivalents, or other money market instruments. The fund manager has discretion to adjust rebalancing and reconstitution, and the amount of call options written.
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Classification
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
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.
RNCC trades at 21.25 CAD today, its price has fallen −1.93% in the past 24 hours. Track more dynamics on RNCC price chart.
RNCC net asset value is 21.32 today — it's fallen 4.50% 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.
RNCC assets under management is 8.71 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.
RNCC fund flows account for 4.37 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.
No, RNCC isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, RNCC pays dividends to its holders with the dividend yield of 11.02%.
RNCC trades at a premium (0.09%).
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.
RNCC shares are issued by Mirae Asset Global Investments Co., Ltd.
RNCC follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Apr 30, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.