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About Global X Enhanced Nasdaq-100 Index ETF Trust Unit A
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Inception date
May 21, 2024
Structure
Canadian Mutual Fund Corporation (ON)
Dividend treatment
Distributes
Primary advisor
Global X Investments Canada, Inc.
ISIN
CA3799341027
The fund offers enhanced exposure to large-cap NASDAQ stocks. Through the use of cash borrowing, the fund aims to provide 1.25x leveraged exposure to the NASDAQ-100, an index consisting of the 100 largest domestic and international stocks listed on NASDAQ. The index constituents are weighted using a hybrid of equal and market-cap-weighting and rebalanced quarterly. As a geared product with daily resets, the fund is designed as a short-term tactical instrument and not a long-term investment vehicle. As a result, long-term returns could materially differ from those of the underlying index due to daily compounding.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
QQQL assets under management is 6.52 M CAD. It's risen 21.61% over the last month.
QQQL fund flows account for 1.98 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.
No, QQQL doesn't pay dividends to its holders.
QQQL shares are issued by Mirae Asset Global Investments Co., Ltd. under the brand Global X. The ETF was launched on May 21, 2024, and its management style is Passive.
QQQL expense ratio is 0.00% meaning you'd have to pay 0.00% of your investment to help manage the fund.
QQQL follows the NASDAQ 100 Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
QQQL price has risen by 8.15% over the last month, and its yearly performance shows a 36.46% increase. See more dynamics on QQQL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 7.35% over the last month, showed a 14.82% increase in three-month performance and has increased by 17.07% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 7.35% over the last month, showed a 14.82% increase in three-month performance and has increased by 17.07% in a year.
QQQL trades at a premium (0.03%) meaning the ETF is trading at a higher price than the calculated NAV.