The ETF market is heating up with innovative new offerings! Global X has just unveiled Europe’s first DAX covered call ETF, offering investors a novel way to manage volatility and generate income. But that’s not all – they’re also diving into the competitive world of quantum computing ETFs with an AI semiconductor and quantum computing strategy. Let’s take a closer look at these exciting new funds.
## Europe’s First DAX Covered Call ETF
The Global X DAX Covered Call UCITS ETF (DYLD) is now listed on Deutsche Börse, sporting a total expense ratio (TER) of 0.45%. This ETF employs a covered call strategy, selling at-the-money call options on the DAX index each month. This generates extra income for investors, although it does cap potential upside. Global X’s existing covered call ETF range has already attracted $700 million in assets since 2022, demonstrating investor appetite for these types of strategies. As covered call ETFs become more popular in Europe, issuers are aiming to equip investors with a more comprehensive suite of tools for managing market fluctuations.
## Entering the Quantum Computing Arena
Global X isn’t just stopping at covered calls. They’re also entering the increasingly crowded quantum computing ETF space with the Global X AI Semiconductor & Quantum UCITS ETF (CHPX). This fund has launched on the London Stock Exchange (LSE) and Deutsche Börse, with Borsa Italiana and SIX Swiss Exchange listings to follow. CHPX has a TER of 0.35%.
CHPX tracks the Mirae Asset AI Semiconductor & Quantum index, focusing on companies heavily involved in AI semiconductors and quantum computing. To be included, stocks must derive over 50% of their revenue from these thematic areas. Global X joins the likes of VanEck, WisdomTree, and Lunate Capital in offering quantum computing ETFs, with BlackRock also expected to enter the fray soon. It’s an exciting time for investors looking to gain exposure to this cutting-edge technology!
