Mirae Asset launches Asia’s 1st ‘Active Nasdaq 100 Covered Call ETF’

South Korea's Mirae Asset Global Investments announced on Sept. 29 the launch of the 'Global X Nasdaq 100 Covered Call Active ETF,' which will begin trading on the Hong Kong Stock Exchange on Sept. 30.

The product is the first actively managed Nasdaq 100 covered call ETF in the Asian market, reflecting the firm’s ongoing efforts to expand its global financial presence, according to Mirae Asset.

Unlike traditional exchange-traded funds (ETFs), which typically track indices such as the S&P 500 or Nasdaq 100 passively, active ETFs allow managers to adjust holdings and weightings in pursuit of higher returns.

The new Mirae Asset ETF also employs a covered call strategy, selling call options on the Nasdaq 100 index to generate additional premium income.

While this approach limits potential upside gains, it offers partial downside cushioning and an additional stream of income.

Mirae Asset said that the ETF would adopt a dual-counter trading model, enabling investors to trade in both Hong Kong dollars and U.S. dollars.

The Seoul-based financial giant stressed that such an approach would provide investors with greater flexibility and efficiency when pursuing index options strategies.

The Nasdaq 100 index is heavily weighted toward technology and growth-oriented companies.

Mirae Asset noted that while it maintains a constructive long-term view of sectors such as artificial intelligence, short-term volatility driven by macroeconomic conditions, geopolitical tensions, and tariff policies remains likely.

“Our innovative spirit continues with the launch of Hong Kong's 5th Covered Call strategy - Global X Nasdaq 100 Covered Call Active ETF,” Mirae Asset Global Investments Hong Kong’s CEO Judy Zhu said.

“Leveraging our extensive experience, we are committed to providing sophisticated, innovative income-generating solutions for our investors.”