Global X Japan, Two New ETFs Listed on Tokyo Stock Exchange

[Asia Economy Reporter Hwang Yoon-joo] Mirae Asset Global Investments announced on the 8th that its Japanese joint venture, Global X Japan, will newly list two ETFs on the Tokyo Stock Exchange. The newly listed ETFs are 'Global X Autonomous & EV' and 'Global X S&P 500 Covered Call ETF.'

'Global X Autonomous & EV' is Japan's first ETF investing in global autonomous driving and electric vehicle (EV) related companies. The underlying index is the 'Solactive Autonomous & Electric Vehicles Index,' with country weights of 56.13% for the United States, 9.79% for Japan, 5.78% for Australia, and 4.63% for Germany. This ETF is the same product as the 'Global X Autonomous & Electric Vehicles ETF (DRIV)' listed by Global X, Mirae Asset Global Investments' U.S. ETF management subsidiary.

'Global X S&P 500 Covered Call ETF' is an ETF based on the S&P 500 index that utilizes a covered call strategy. The covered call strategy involves buying the underlying asset while simultaneously selling call options on that asset. Using this strategy, losses are buffered by the option premium when the underlying asset declines, while gains are capped at a certain level when the underlying asset rises.

The ETF's underlying index is the 'Cboe S&P 500 BuyWrite Index,' which includes major stocks such as Apple, Microsoft, Amazon, and Tesla. This ETF is the Japanese version of the 'Global X S&P 500 Covered Call ETF (XYLD)' listed in the U.S. by Global X and is an income-type product suitable for investors aiming for more stable long-term returns in the global stock market.

Global X Japan is a local Japanese corporation established in September 2019 as a joint venture between Global X and Japan's Daiwa Securities Group. Global X ETFs can be traded through overseas stock accounts at major domestic securities firms such as Mirae Asset Securities.

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