The exchange-traded fund (ETF) combines gold exposure with a covered call strategy aimed at generating potential monthly income for investors.

Mirae Asset Global Investments, through its Global X exchange traded funds (ETFs) business, has launched the Global X Gold Covered Call Active ETF in Hong Kong under stock codes 3533 and 41533. The ETF is the first product in Hong Kong to use a covered call strategy focused on gold The company noted that the ETF is the first product in Hong Kong to use a covered call strategy focused on gold. The fund invests in gold futures and gold price-tracking ETFs through total return swaps while also