Mirae Asset Global Investments issued the new ETFs.
Hong Kong Exchanges and Clearing Limited (HKEX) welcomed its first-ever listings of Covered Call ETFs, with the debut of Global X HSI Components Covered Call Active ETF (Stock code: 3419) and Global X HSCEI Components Covered Call Active ETF (Stock code: 3416).
Mirae Asset Global Investments (Hong Kong) Limited issued both ETFs.
“A covered call is a strategy where an investor sells call options on an asset they already own, generating income in the form of a premium,” HKEX explained.
Such a strategy allows investors to benefit from potential asset appreciation up to the strike price.
“During times of volatility, the option premiums can provide downside protection to investors,” HKEX added.
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