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The first two Covered Call ETFs in Hong Kong will distribute dividends on April 8th.
Future Assets Hong Kong Global X ETFs announced that its two covered call strategy ETFs, Global X Hang Seng Index Covered Call Active ETF (03419) and Global X NASDAQ 100 Covered Call Active ETF (03416), are about to begin distributing dividends.
Hong Kong Future Asset Global X ETFs announced that two of its covered call strategy ETFs - Global X Hang Seng Index Covered Call Active ETF (03419) and Global X MSCI China Index Covered Call Active ETF (03416) are set to begin distributing dividends. The ex-dividend date for the two covered call strategy ETFs is on March 28th, with the payment date on April 8th. It is reported that the Global X Hang Seng Index Covered Call Active ETF will distribute HK$0.12 per share, with a dividend of HK$60 per lot (500 shares); while the Global X MSCI China Index Covered Call Active ETF will distribute HK$0.15 per share, with a dividend of HK$75 per lot (500 shares). These two ETFs were launched by Global X ETFs on February 27th and listed on the Hong Kong Stock Exchange on February 29th. They are the world's first two covered call option ETFs referenced to the Hang Seng Index and Hang Seng China Enterprises Index, as well as the first two covered call option ETFs listed in Hong Kong. The ETFs employ a covered call option strategy for income. Covered call strategy is a widely used strategy in financial markets, consisting of holding the underlying stock and selling call options. Through this strategy, companies hold a certain amount of related stock assets while selling the corresponding call options. The major profit depends on the rise of the underlying stock, which is the main position; selling call options aims to earn premium income to hedge the position. This way, investors not only have the opportunity to enjoy dividends from the assets but also can earn additional income through selling options.
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