Global X Expands Income Suite with Launch of the Global X MSCI Emerging Markets Covered Call ETF (EMCC)
NEW YORK, Nov. 8, 2023 /PRNewswire/ -- Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), today announced the launch of the Global X MSCI Emerging Markets Covered Call ETF (EMCC) on the New York Stock Exchange (NYSE), adding to Global X's growing selection of covered call and emerging markets investment strategies.
- NEW YORK, Nov. 8, 2023 /PRNewswire/ -- Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), today announced the launch of the Global X MSCI Emerging Markets Covered Call ETF (EMCC) on the New York Stock Exchange (NYSE), adding to Global X's growing selection of covered call and emerging markets investment strategies.
- EMCC seeks to generate income through covered call writing.
- The fund seeks to own all of the stocks that exist in the MSCI Emerging Markets Investable Market Index by investing in the iShares Core MSCI Emerging Markets ETF then proceeds to write options that cover 100% of its notional holdings, making monthly distributions.
- "Through an options-based approach, EMCC offers investors access to a diverse set of geographies which offer potentially compelling yields amid a mixed range of performances."