Global X S&P/ASX 200 Covered Call ETF

The Global X S&P/ASX 200 Covered Call ETF, with the ticker AYLD, is designed to provide investors with exposure to the top 200 companies listed on the Australian Securities Exchange. This ETF follows a covered call strategy, which means it not only invests in these leading companies but also sells call options on them. This approach aims to generate additional income through the premiums received from selling these options, potentially enhancing returns, especially in flat or moderately rising markets. However, it may limit the upside potential if the market experiences significant gains. With a management fee of 0.60%, this ETF is suitable for investors looking for income and some exposure to the Australian stock market.