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About GLOBAL X ENHANCED S&P/TSX 60 COVERE CL A UNIT
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Inception date
Jul 5, 2023
This fund seeks to provide leveraged exposure to a market-cap weighted index of equity and equity-related securities of Canadian companies that are amongst the largest (in market-cap) and most liquid issuers listed on the TSX. Constituents are selected at the discretion of the index committee and weighted by float-adjusted market capitalization. In order to mitigate risks and generate income, the index will generally write covered call options on 50% of the portfolios securities and may vary based on market volatility and other factors. To enhance returns, this fund employs an approximate 1.25x leverage through the use of cash borrowing.
Classification
What's in the fund
Exposure type
ETF
Stock breakdown by region