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About Global X Enhanced MSCI Emerging Markets Covered Call ETF Trust Unit A
Home page
Inception date
May 28, 2024
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Primary advisor
Global X Investments Canada, Inc.
ISIN
CA3799351091
The fund aims to provide leveraged and covered call exposure to the MSCI Emerging Markets Index, which comprises equity securities from emerging markets. To obtain exposure, the fund may either directly hold constituent securities of the index or invest in shares of related ETFs. The fund employs approximately 125% leverage through cash borrowing. The fund also uses a dynamic covered call strategy, typically writing exchange-traded or over-the-counter index calls on approximately 50% of the portfolio value. Although it provides hedging protection and generates premiums, the use of a covered call strategy may cap the fund's potential gains. Additionally, the fund may hold cash equivalents or money market instruments to meet its obligations.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF125.54%
Cash−25.54%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
EMCL assets under management is 2.54 M CAD. It's risen 26.67% over the last month.
EMCL fund flows account for 999.45 K 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.
No, EMCL doesn't pay dividends to its holders.
EMCL shares are issued by Mirae Asset Global Investments Co., Ltd. under the brand Global X. The ETF was launched on May 28, 2024, and its management style is Passive.
EMCL expense ratio is 0.00% meaning you'd have to pay 0.00% of your investment to help manage the fund.
EMCL follows the MSCI Emerging Markets Index - CAD - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
EMCL invests in funds.
EMCL price has risen by 2.57% over the last month, and its yearly performance shows a 5.87% increase. See more dynamics on EMCL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 3.82% over the last month, showed a 9.10% increase in three-month performance and has increased by 11.42% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 3.82% over the last month, showed a 9.10% increase in three-month performance and has increased by 11.42% in a year.
EMCL trades at a premium (0.02%) meaning the ETF is trading at a higher price than the calculated NAV.