GLOBAL X EQUAL WEIGHT CDN BK COVERE CL E UNITGLOBAL X EQUAL WEIGHT CDN BK COVERE CL E UNITGLOBAL X EQUAL WEIGHT CDN BK COVERE CL E UNIT

GLOBAL X EQUAL WEIGHT CDN BK COVERE CL E UNIT

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Key stats


Assets under management (AUM)
‪222.60 M‬CAD
Fund flows (1Y)
‪64.73 M‬CAD
Dividend yield (indicated)
12.51%
Discount/Premium to NAV
−0.04%
Shares outstanding
‪15.63 M‬
Expense ratio
1.05%

About GLOBAL X EQUAL WEIGHT CDN BK COVERE CL E UNIT


Issuer
Mirae Asset Global Investments Co., Ltd.
Brand
Global X
Home page
Inception date
May 16, 2011
Structure
Canadian Mutual Fund Trust (ON)
Index tracked
No Underlying Index
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Eligible dividends
Income tax type
Capital Gains
Primary advisor
Global X Investments Canada, Inc.
The fund provides exposure to an equal-weighted index that invests in stocks of Canadian banks. These banks must be primarily listed on the TSX and are classified by FactSet Industries as Major Banks or Regional Banks. To be eligible for inclusion, companies should meet instability and liquidity requirements. The underlying index rebalances semi-annually in March and September. The fund may hold constituent securities of the underlying index or may opt to invest in ETFs. The fund utilizes a covered call option strategy that will generally write out of the money call options, on up to approximately 50% of the value of its portfolio. Prior to June 24, 2022, the fund was an actively fund.

Classification


Asset Class
Equity
Category
Sector
Focus
Financials
Niche
Banks
Strategy
Buy-write
Geography
Canada
Weighting scheme
Equal
Selection criteria
Market cap
What's in the fund
Exposure type
StocksBonds, Cash & Other
Finance
ETF
Stock breakdown by region
100%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to BKCC via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
BKCC trades at 14.30 CAD today, its price has risen 0.49% in the past 24 hours. Track more dynamics on BKCC price chart.
BKCC net asset value is 14.28 today — it's risen 6.93% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
BKCC assets under management is ‪222.60 M‬ CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
BKCC price has risen by 5.61% over the last month, and its yearly performance shows a 1.78% increase. See more dynamics on BKCC price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 6.93% over the last month, showed a 1.32% increase in three-month performance and has increased by 14.07% in a year.
BKCC fund flows account for ‪64.73 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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
BKCC invests in stocks. See more details in our Analysis section.
BKCC expense ratio is 1.05%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, BKCC isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, BKCC technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating BKCC shows the neutral signal. See more of BKCC technicals for a more comprehensive analysis.
Yes, BKCC pays dividends to its holders with the dividend yield of 12.51%.
BKCC trades at a premium (0.04%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
BKCC shares are issued by Mirae Asset Global Investments Co., Ltd.
BKCC follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on May 16, 2011.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.