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Horizons Nasdaq 100 Covered Call ETF crosses USD100m threshold


Horizons ETFs Management’s (US) flagship fund, the Horizons Nasdaq 100 Covered Call ETF (QYLD), has surpassed USD100 million in assets. That milestone coincides with the first day it traded over 1 million shares.

The fund started 2017 with USD58.8 million in assets and has since grown by 111.34 per cent to USD125 million as of July 19, 2017. Created for and since embraced by investors who are a bit risk‐averse and want to access the top 100 companies in the Nasdaq while generating a steady income stream, QYLD launched on 11 December, 2013 and tracks the CBOE Nasdaq‐100 BuyWrite V2 Index (BXNT Index). As of 30 June, 2017, QYLD has returned 9.8 per cent year‐to‐date and has maintained an average daily trading volume of 71,000 shares over the last 30 days, according to Bloomberg.
“QYLD gives investors across the spectrum access to professional options management. We have simultaneously offered upside exposure with a monthly income stream, which is exactly what investors have been looking for given the recent environment of depressed yields coupled with economic uncertainties, and the current political climate,” says Garrett Paolella, Managing Director at Horizons US. “This milestone is a testament to the team’s success, and we’re looking forward to continuing the momentum, both within QYLD and across the rest of our product suite.”

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