QYLE Profile
The Global X Nasdaq 100 ESG Covered Call ETF (QYLE) is a distinctive exchange-traded fund structured to mirror the performance of the Nasdaq-100 ESG BuyWrite index. Launched on February 21, 2023, QYLE is issued by Global X Funds, recognized for its innovative approach to thematic investing and ESG integration in financial products.
QYLE is designed to passively invest in constituents of the Nasdaq 100 Index that exhibit robust environmental, social, and governance (ESG) credentials. These companies are meticulously screened to ensure alignment with sustainable investing principles, thereby appealing to investors seeking to integrate ESG considerations into their portfolios. The ETF employs a covered call option strategy as part of its approach, aiming to enhance income potential while maintaining exposure to high-quality Nasdaq 100 stocks.
Managed by Global X Funds, QYLE applies a market-cap-weighted methodology adjusted for ESG rating scores, emphasizing both financial performance and responsible corporate behavior. This dual focus allows the ETF to capitalize on the growth potential of leading Nasdaq 100 companies while mitigating downside risk through the sale of covered call options, providing a balanced approach to achieving investment objectives.
Investors in QYLE benefit from Global X Funds' commitment to delivering transparent and effective investment solutions. The fund's launch underscores Global X's dedication to advancing ESG standards within the ETF industry, catering to the evolving preferences of institutional and retail investors looking to align their financial goals with sustainable practices.
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