Key stats
About GLOBAL X MSCI EMERGING MARKETS COVERED CALL ETF
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Inception date
May 21, 2024
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
Global X Investments Canada, Inc.
The fund is passively managed to employ a covered call strategy on the MSCI Emerging Markets Investable Market Index. The fund holds a theoretical portfolio of stocks of the reference index, while writing a succession of one-month, at-the-money FLEX call options on ETF shares of the index. The call options are written on 100% of the portfolio value and are held through expiration, either expiring or settling in cash. Holding the various positions and writing call options inside an ETF wrapper is a more efficient way to access the strategy. Premium income from the written calls protects the fund against stagnant prices or small losses, but the strategy limits the upside potential of the fund. Should the index rally, the fund is expected to underperform.
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
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
EMCC assets under management is 9.78 M CAD. It's fallen 5.39% over the last month.
EMCC fund flows account for 3.95 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, EMCC doesn't pay dividends to its holders.
EMCC 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.
EMCC expense ratio is 0.00% meaning you'd have to pay 0.00% of your investment to help manage the fund.
EMCC follows the MSCI Emerging Markets Index - CAD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
EMCC invests in cash.
EMCC price has risen by 1.59% over the last month, and its yearly performance shows a −1.54% decrease. See more dynamics on EMCC price chart.
NAV returns, another gauge of an ETF dynamics, showed a −2.03% decrease in three-month performance and has increased by 0.59% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −2.03% decrease in three-month performance and has increased by 0.59% in a year.
EMCC trades at a premium (0.41%) meaning the ETF is trading at a higher price than the calculated NAV.