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CGXF

NEO
14.040000 CAD
0.46
3.39%
Last update Jul 21, 3:14 PM EDT
Market closed
Day range
13.88000
14.10000
Previous close
13.58000
Open
13.88000
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CI Gold Giants Covered Call Mutual Fund
14.04
0.46
3.39%

Overview

Description

The CI Gold Giants Covered Call Mutual Fund is a specialized investment vehicle strategically designed to provide investors with exposure to large-cap gold mining companies while generating additional income through a covered call strategy. This mutual fund primarily invests in a diversified portfolio of major gold producers, benefiting from the upside potential of the gold mining sector. By utilizing a covered call approach, the fund seeks to enhance returns and reduce volatility by selling call options on its holdings, collecting premiums to bolster income. It is an attractive option for investors looking for a blend of capital appreciation and income generation. The fund plays a significant role in offering a defensive investment strategy against broader market downturns while capitalizing on the robustness of the gold industry, often seen as a hedge against inflation and currency fluctuations. By targeting the gold sector, this mutual fund engages with industries such as mining, extraction, and commodity trading, thus positioning itself as a notable player within commodity-focused investment portfolios.

About

Address
Phone
Website
Instrument type
ETF
Country
Canada
MIC code
NEOE
Market closed

Exchange is currently closed
Pre-market opens in 4 hours 58 minutes

03:01
00:00
09:30
16:00
23:59

Trading Hours (Monday - Friday):

Pre-market
08:00 - 09:30
Main market
09:30 - 16:00
Post-market
16:00 - 17:00
All times are displayed in the America/Toronto timezone (EDT, UTC-04:00).