The funds, tracking the Nasdaq-100 and Solactive GBS US 500 indices, aim to deliver weekly distributions through covered-call writing.
New York-based Global X Management Company (Global X), a leading exchange-traded fund (ETF) provider and part of the Mirae Asset Financial Group, has further expanded its product lineup with the launch of two ETFs. The ETFs, which include the Global X Nasdaq-100 Income Edge ETF (EDGQ) and the Global X US 500 Income Edge ETF (EDGX), provide exposure to the Nasdaq-100 Index and the Solactive GBS United States 500 Index, respectively. Both funds are designed to generate weekly distributions by wr