Global X launches firm's first synthetic ETF

Nasdaq 100 Covered Call ETF

Elliot Gulliver-Needham
clock • 1 min read

Global X ETFs has launched the firm’s first synthetic product, which will replicate the ETF’s underlying index via a total return swap.

The Global X Nasdaq 100 Covered Call UCITS ETF (QYLD) is the latest addition to the firm's income products, and its first covered call strategy in the European market. Sitting on the Borsa Italiana, London Stock Exchange and Deutsche Börse Xetra, the ETF will have an expense ratio of 0.45%. The ETF relies on a total return swap in order to replicate a "buy-write" strategy. Vanguard expands ESG range with two credit ETFs Global X said that as volatility continues to remain high, options-based strategies "may provide income for investors through higher options premiums". Wh...

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