Global X Enhanced Equal Weight Canadian Telco ETF

The Global X Enhanced Equal Weight Canadian Telco ETF is an exchange-traded fund focused on Canada’s telecommunications sector. This ETF employs an equal weight methodology, ensuring balanced exposure to leading Canadian telecom companies rather than concentrating holdings by market capitalization. Its primary objective is to provide investors with a consistent monthly income and potential long-term capital appreciation. The strategy incorporates a dynamic covered call overlay, designed to enhance portfolio income and reduce volatility by selling call options on underlying securities. Additionally, RNCL utilizes light leverage, up to 125%, with the aim of further boosting growth and yield potential. The fund is managed by Global X Investments Canada Inc., a provider known for its innovative ETF solutions. By offering targeted access to the essential communications sector—an industry with entrenched roles in Canada’s economy and a history of robust dividends—the ETF plays a specialized role for investors seeking both stable income and exposure to the continued evolution of Canadian telecoms.