Global X Launches Three Covered Call ETFs

Global X ETFs have just announced the expansion of their income suite with the launch of three new ETFs. The new funds plan to track different sectors of the covered call market and are named, the Global X Financials Covered Call & Growth ETF (FYLG), the Global X Health Care Covered Call & Growth ETF (HYLG), and the Global X Information Technology Covered Call & Growth ETF (TYLG). The goal of each fund is buy stocks and ETFs in their designated sector writing call options corresponding to about 50% the value of the index securities.