- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- United States of America
- IPO Date
- Feb 23, 2023
- Business
- Global X Nasdaq 100 ESG Covered Call ETF (QYLE) is an exchange-traded fund that seeks to provide investment results corresponding generally to the price and yield performance, before fees and expenses, of the Nasdaq-100 ESG BuyWrite Index. The fund invests at least 80% of its net assets in the securities comprising the index, which tracks a portfolio providing exposure to the Nasdaq-100 ESG Total Return Index through a systematic monthly rolled covered call strategy involving holdings in large-cap growth and value stocks screened for positive environmental, social, and governance (ESG) characteristics across sectors including information technology, communication services, consumer discretionary, health care, and industrials; it writes short call options on the Nasdaq-100 Index while maintaining a hypothetical cash collateral account. QYLE targets investors seeking income generation from option premiums alongside ESG-aligned equity exposure to socially conscious companies promoting environmental responsibility, with a focus on U.S. large-cap equities domiciled in the United States.
Global X Nasdaq 100 ESG Covered Call ETF operates as part of the broader product lineup offered by Global X Management Company LLC, a New York-based provider of exchange-traded funds founded in 2008 and headquartered at 605 Third Avenue, 43rd Floor, New York, NY 10158; the firm functions as a subsidiary of Mirae Asset Financial Group and manages a diverse range of ETFs spanning thematic growth, equity income, commodities, and international access strategies with approximately $70 billion in assets under management.
In a significant recent development, Global X Management Company LLC announced on January 24, 2025, the termination and liquidation of the QYLE fund; trading was suspended on NYSE Arca before market open on February 18, 2025, with proceeds distributed to remaining shareholders at $26.9407 per share on or about February 21, 2025. This operational change aligns with broader product updates by Global X, which in 2025 launched new ETFs such as the Global X AI Semiconductor & Quantum ETF (CHPX) in October and the Global X Gold Miners ETF (AUAU) in December, alongside expansions like a copper miners ETF with covered call strategy and a strategic partnership with Nasdaq Dorsey Wright for momentum-based investing. The firm maintains geographic operations primarily in the U.S., with additional presence in Canada, Europe, Asia, Latin America, and other regions through its parent Mirae Asset platform.