The Korean manager is targeting investors seeking yield and downside protection.

Mirae Asset has announced the listing of the Global X S&P 500 Covered Call Active ETF on the Hong Kong Stock Exchange on August 29. This ETF is particularly relevant in today's uncertain markets, where investors seek both yield and downside protection - Judy Zhu, Mirae Asset Global Investments The ETF is structured to deliver monthly distributions (the distributions are not guaranteed and may be paid from capital) and downside cushioning by writing call options on the S&P 500 index t