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ZLU

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--%
1d
1w
1m

Analysis and statistics

  • Open
    58.3259$
  • Previous Close
    57.5012$
  • 52 Week Change
    --
  • Day Range
    0.82$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

ZLU.TO represents the Horizons US Large Cap Equity Covered Call ETF. This exchange-traded fund aims to provide income by investing in a portfolio of large-cap U.S. equities while also writing covered call options on a portion of the portfolio. The covered call strategy generates income from the option premiums, potentially enhancing returns but also limiting upside participation in rising markets. Investors should understand the risks associated with covered call strategies before investing.
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Factors

Global Equity Market Performance: ZLU.TO invests in global equities. Broad market upswings or downturns directly impact its Net Asset Value (NAV).

Currency Fluctuations: As ZLU.TO holds international assets, changes in foreign exchange rates, particularly the CAD versus other currencies, affect returns.

Underlying Index Performance: ZLU.TO's price mirrors the performance of its benchmark index, thus shifts in the index's components drive its value.

Supply and Demand: High demand for ZLU.TO pushes prices up, while selling pressure causes declines, reflecting investor sentiment.

Interest Rate Changes: Interest rate hikes can make bonds relatively more attractive, potentially leading to decreased investment in equity ETFs like ZLU.TO.

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