Global X Japan Co. Ltd. (President: Kang Sungho) announced that the following two ETFs were listed on the Tokyo Stock Exchange on November 8.
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Luis Berruga CEO Global X
Global X Autonomous & EV ETF (2867),
Global X S&P 500 Covered Call ETF (2868)
Global X Autonomous & EV ETF aims to invest in companies involved in the development of autonomous vehicle technology, electric vehicles (“EVs”), and EV components and materials. This includes companies involved in the development of autonomous vehicle software and hardware, as well as companies that produce EVs, EV components such as lithium batteries, and critical EV materials such as lithium and cobalt.
Global X S&P 500 Covered Call ETF primary invests in Global X S&P 500 Covered Call ETF (XYLD). XYLD is an ETF that aims to hold constituents of the S&P 500 Index and sells one-month at-the-money call options on the same index simultaneously to earn option premiums. The potential to earn income and monetize volatility even under unstable market conditions is expected.
Kang Sungho, President of Global X Japan Co. Ltd. said, ” Compared to the large shift from mutual funds to ETFs in the U.S., we believe that ETFs are not yet well recognized among investors and market participants in Japan. In addition to thematic ETFs, Global X Japan aims to provide innovative ETFs with more added value based on new indices incorporating ESG factors, which have been attracting attention recently. We will continue to pursue ways in which our ETFs can make a significant contribution to our clients’ fund management.”
Source : ETFWorld.co.uk
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