Simplify Nasdaq 100 plus convexity ETF (QQC)
Simplify Nasdaq 100 plus convexity ETF operates in the Asset Management industry of the Financial Services sector, headquartered in US. The stock last traded at $24.46, up 0.63% on the session, giving a market capitalisation of $3.7M. Its beta of 0.00 implies it has historically moved less than the broad market.
The fund allocates a minimum of 80% of its net assets, inclusive of any investment-related borrowings, to equity securities. This allocation is predominantly achieved by purchasing Exchange Traded Funds (ETFs) that hold components of the NASDAQ-100 Index. A separate allocation, comprising up to 20% of its net assets, will be dedicated to a specialized convexity option overlay. This strategy involves the acquisition of both exchange-listed and over-the-counter (OTC) put and call options, with underlying assets being either the NASDAQ-100 Index itself or an ETF designed to track it.
Simplify Nasdaq 100 plus convexity ETF is most often compared with the following Financial Services names: