Global X Nasdaq-100 Covered Call ETF Trust Unit E (QQCC.U)

Overview

The Horizons NASDAQ-100 Covered Call ETF is an innovative investment vehicle managed by Horizons ETFs Management (Canada) Inc. This exchange-traded fund (ETF) is designed to offer investors broad exposure to the global equity markets, with a unique focus on markets outside of North America. Unlike traditional ETFs, it employs a derivative-based strategy, utilizing covered call options to generate returns. This method aims to provide investors with income through option premiums, in addition to the potential for capital gains from the underlying stock investments. The fund specifically targets large-cap companies across multiple sectors, offering a diversified investment option. The ETF benchmarks its performance against the MSCI Europe Index, providing a measure of its success relative to major European equities. Since its inception on September 13, 2011, and domiciled in Canada, this fund has aimed to carve a niche for itself in the investment world by blending the conventional ETF structure with the strategic use of options.

Products and Services

• Public Equity Investments

  Focusing on the global equity markets, excluding North America, this fund's investment strategy is geared towards purchasing stocks of large-cap companies. This approach aims to leverage the growth potential of leading companies in diverse sectors, offering investors exposure to international markets and the opportunity for diversified returns.

• Covered Call Option Strategy

  By employing a covered call option strategy, the fund seeks to generate additional income for investors. This strategy involves writing (selling) call options on assets it already owns. This can provide regular income through the collection of option premiums, regardless of market conditions, while still allowing for potential appreciation in the underlying stock value. This unique approach sets the fund apart from traditional equity investments by offering a potentially lower volatility and steady income stream.

• Benchmarking Against MSCI Europe Index

  The Horizons NASDAQ-100 Covered Call ETF aims to measure its performance by benchmarking against the MSCI Europe Index. This practice provides a clear performance target and allows investors to assess the fund's success in capturing the returns of major European equities. It reflects the fund's focus on offering a competitive investment product that aligns with the dynamics of the European market.