ZUG/LONDON (November 27, 2025) — STOXX Ltd., part of the ISS STOXX group of companies and Global X ETFs Europe, a leading provider of exchange-traded funds (ETFs), today announce their expanding collaboration with the launch of the Global X DAX Covered Call UCITS ETF (DYLD), the first ETF tracking an at-the-money (ATM) covered call strategy on the DAX® benchmark, offering low-cost and systematic exposure to a portfolio of German equities that also generates income from selling ATM options. The ETF tracks the DAX Covered Call ATM index, which is calculated by STOXX.
The launch expands the collaboration between STOXX, a leading provider of benchmark and custom index solutions, which administers the DAX, and Global X ETFs Europe, a specialist in thematic growth, equity income, commodity and risk management ETFs. DYLD will be the fourth strategy of the Global X ETFs UCITS Covered Call product suite, which currently has around EUR 600 million in assets under management (AUM).[1]
The ETF launch comes amid strong performance in the DAX, which has gained an annual average of 20% in the past three years.[2] Reasons for the gains include loosened fiscal policy in Germany, national plans to invest in infrastructure and defense, and relatively low equity valuations. The DAX, which was introduced in 1988, underlies some of the world’s most popular listed derivatives and currently commands EUR 23 billion invested in linked ETFs.[3]
The DAX Covered Call ATM index is designed to reflect a hypothetical strategy in which an investor buys the DAX and simultaneously sells a DAX ATM call traded at Eurex, the leading European derivatives exchange. The long DAX index and short call option components are held in equal notional amounts, i.e., the short position in the call option is “covered” by the long DAX index component.
“The DAX benchmark is our flagship German equity index, and we are committed to providing innovative solutions linked to it that support investor portfolio diversification,” said Axel Lomholt, General Manager at STOXX. “Our DAX Covered Call ATM index can support the provision of an alternative income stream linked to German equities, and we are pleased to license this index to Global X ETFs Europe.”
“Covered call strategies give investors the chance to earn additional income beyond dividends and capital appreciation, which is especially valuable in today’s environment of higher rates, slower global growth and general uncertainty,” said Hasham Niazi, Regional Director for Germany and Austria at Global X ETFs Europe. “DYLD will give investors the opportunity to stay exposed to German equities while potentially generating steady income in a challenging market environment.”
George Taylor, Co-Head and Chief Operating Officer for Global X ETFs Europe, added: “Germany, as one of the largest economies in the EU, has always been a pivotal market for us. We’re excited to expand our Global X ETFs covered call product suite with DYLD, a strategy tailored specifically to meet the needs of German investors.”
Media Contact:
Sarah Ball
Executive Director, Communications
press@iss-stoxx.com
About Global X ETFs
Global X ETFs was founded in 2008. For more than 15 years, our mission has been empowering investors with unexplored and intelligent solutions. Its product lineup features a wide range of ETF strategies and approximately $115 billion in worldwide assets under management.[i] While it is widely recognised for its Thematic Growth, Income, Commodity and International Access ETFs, it also offers Core, Risk Management, and other solutions to suit a range of investment objectives. Explore Global X ETFs, and insights, and more at www.globalxetfs.eu.
Global X is a member of Mirae Asset Financial Group, a global leader in financial services, with more than $729.5 billion in assets under management worldwide.[ii] Mirae Asset has an extensive global ETF platform ranging across the US, Australia, Brazil, Canada, Colombia, Europe, Hong Kong, India, Japan, Korea, and Vietnam with over $162 billion in assets under management.[iii]
Prospectuses and Key Investor Information Documents (KIIDs or KIDs) are available in English at www.globalxetfs.eu.
This information is not intended to be individual or personalised investment or tax advice and should not be used for trading purposes. Please consult a financial advisor or tax professional for more information regarding your investment and/or tax situation.
Investing involves risk, including the possible loss of principal.
Information provided by Global X Management Company (Europe) Limited
Marketing Communication. For Professional Investors Only. Capital at Risk. Please refer to the legal fund documents before making any final investment decision.
VERY IMPORTANT INFORMATION FOR INVESTORS – PLEASE CLICK ON THIS LINK TO READ GLOBAL X EUROPE DISCLAIMERS CAREFULLY BEFORE INVESTING.
About STOXX
STOXX® and DAX® indices comprise a global and comprehensive family of more than 18,000 strictly rules-based and transparent indices. Best known for the leading European equity indices EURO STOXX 50®, STOXX® Europe 600 and DAX®, the portfolio of index solutions consists of total market, benchmark, blue-chip, sustainability, thematic and factor-based indices covering a complete set of world, regional and country markets. STOXX and DAX indices are licensed to more than 550 companies around the world for benchmarking purposes and as underlyings for ETFs, futures and options, structured products, and passively managed investment funds. STOXX Ltd., part of the ISS STOXX group of companies, is the administrator of the STOXX and DAX indices under the European Benchmark Regulation. stoxx.com
About ISS STOXX
ISS STOXX GmbH, through its group companies, is a leading provider of comprehensive and data-centric research and technology solutions that help capital market participants identify investment opportunities, detect qualitative and quantitative portfolio company risks, and meet evolving regulatory requirements. With roots dating back to 1985, we today deliver world-class benchmark and custom indices across asset classes and geographies and serve as a premier source of independent corporate governance, sustainability, cyber risk, and fund intelligence research, data, and related offerings. Our products and services give clients the scale and leverage they need to grow their business more effectively and efficiently. ISS STOXX, which is majority owned by Deutsche Börse Group, is comprised of more than 3,800 professionals operating across 30 global locations in 20 countries. Its approximately 5,500 clients include many of the world’s leading institutional investors who turn to ISS STOXX for its objective and varied offerings, as well as companies focused on ESG, cyber, and governance risk mitigation as a shareholder value enhancing measure. Clients rely on ISS STOXX’s expertise to help them make informed decisions to benefit their stakeholders.
Legal disclaimer:
STOXX Ltd., ISS STOXX GmbH, ISS STOXX Index GmbH, Deutsche Börse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX Ltd., ISS STOXX GmbH, ISS STOXX Index GmbH, Deutsche Börse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. None of their products or services recommends, endorses, approves or otherwise expresses any opinion regarding any issuer, securities, financial products or trading strategies. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX Ltd., ISS STOXX GmbH, ISS STOXX Index GmbH, Deutsche Börse Group or their licensors, research partners or data providers on the merits of that company and may not be relied on as such. Financial instruments based on the STOXX® indices, DAX® indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX Ltd., ISS STOXX GmbH, ISS STOXX Index GmbH, Deutsche Börse Group or their licensors, research partners or data providers.
[1] Source: Global X ETFs Europe, as of November 2025.
[2] Total return in euros, period includes start of 2023 through September 2025.
[3] Source: STOXX. Data through September 2025.
[i] Source: Global X, as of August 2025
[ii] Mirae Asset, as of June 2025
[iii] Mirae Asset, as of June 2025
STOXX and Global X ETFs Europe Collaborate on Launch of Global X DAX Covered Call UCITS ETF
ZUG/LONDON (November 27, 2025) — STOXX Ltd., part of the ISS STOXX group of companies and Global X ETFs Europe, a leading provider of exchange-traded funds (ETFs), today announce their expanding collaboration with the launch of the Global X DAX Covered Call UCITS ETF (DYLD), the first ETF tracking an at-the-money (ATM) covered call strategy on the DAX® benchmark, offering low-cost and systematic exposure to a portfolio of German equities that also generates income from selling ATM options. The ETF tracks the DAX Covered Call ATM index, which is calculated by STOXX.
The launch expands the collaboration between STOXX, a leading provider of benchmark and custom index solutions, which administers the DAX, and Global X ETFs Europe, a specialist in thematic growth, equity income, commodity and risk management ETFs. DYLD will be the fourth strategy of the Global X ETFs UCITS Covered Call product suite, which currently has around EUR 600 million in assets under management (AUM).[1]
The ETF launch comes amid strong performance in the DAX, which has gained an annual average of 20% in the past three years.[2] Reasons for the gains include loosened fiscal policy in Germany, national plans to invest in infrastructure and defense, and relatively low equity valuations. The DAX, which was introduced in 1988, underlies some of the world’s most popular listed derivatives and currently commands EUR 23 billion invested in linked ETFs.[3]
The DAX Covered Call ATM index is designed to reflect a hypothetical strategy in which an investor buys the DAX and simultaneously sells a DAX ATM call traded at Eurex, the leading European derivatives exchange. The long DAX index and short call option components are held in equal notional amounts, i.e., the short position in the call option is “covered” by the long DAX index component.
“The DAX benchmark is our flagship German equity index, and we are committed to providing innovative solutions linked to it that support investor portfolio diversification,” said Axel Lomholt, General Manager at STOXX. “Our DAX Covered Call ATM index can support the provision of an alternative income stream linked to German equities, and we are pleased to license this index to Global X ETFs Europe.”
“Covered call strategies give investors the chance to earn additional income beyond dividends and capital appreciation, which is especially valuable in today’s environment of higher rates, slower global growth and general uncertainty,” said Hasham Niazi, Regional Director for Germany and Austria at Global X ETFs Europe. “DYLD will give investors the opportunity to stay exposed to German equities while potentially generating steady income in a challenging market environment.”
George Taylor, Co-Head and Chief Operating Officer for Global X ETFs Europe, added: “Germany, as one of the largest economies in the EU, has always been a pivotal market for us. We’re excited to expand our Global X ETFs covered call product suite with DYLD, a strategy tailored specifically to meet the needs of German investors.”
Media Contact:
Sarah Ball
Executive Director, Communications
press@iss-stoxx.com
About Global X ETFs
Global X ETFs was founded in 2008. For more than 15 years, our mission has been empowering investors with unexplored and intelligent solutions. Its product lineup features a wide range of ETF strategies and approximately $115 billion in worldwide assets under management.[i] While it is widely recognised for its Thematic Growth, Income, Commodity and International Access ETFs, it also offers Core, Risk Management, and other solutions to suit a range of investment objectives. Explore Global X ETFs, and insights, and more at www.globalxetfs.eu.
Global X is a member of Mirae Asset Financial Group, a global leader in financial services, with more than $729.5 billion in assets under management worldwide.[ii] Mirae Asset has an extensive global ETF platform ranging across the US, Australia, Brazil, Canada, Colombia, Europe, Hong Kong, India, Japan, Korea, and Vietnam with over $162 billion in assets under management.[iii]
Prospectuses and Key Investor Information Documents (KIIDs or KIDs) are available in English at www.globalxetfs.eu.
This information is not intended to be individual or personalised investment or tax advice and should not be used for trading purposes. Please consult a financial advisor or tax professional for more information regarding your investment and/or tax situation.
Investing involves risk, including the possible loss of principal.
Information provided by Global X Management Company (Europe) Limited
Marketing Communication. For Professional Investors Only. Capital at Risk. Please refer to the legal fund documents before making any final investment decision.
VERY IMPORTANT INFORMATION FOR INVESTORS – PLEASE CLICK ON THIS LINK TO READ GLOBAL X EUROPE DISCLAIMERS CAREFULLY BEFORE INVESTING.
About STOXX
STOXX® and DAX® indices comprise a global and comprehensive family of more than 18,000 strictly rules-based and transparent indices. Best known for the leading European equity indices EURO STOXX 50®, STOXX® Europe 600 and DAX®, the portfolio of index solutions consists of total market, benchmark, blue-chip, sustainability, thematic and factor-based indices covering a complete set of world, regional and country markets. STOXX and DAX indices are licensed to more than 550 companies around the world for benchmarking purposes and as underlyings for ETFs, futures and options, structured products, and passively managed investment funds. STOXX Ltd., part of the ISS STOXX group of companies, is the administrator of the STOXX and DAX indices under the European Benchmark Regulation. stoxx.com
About ISS STOXX
ISS STOXX GmbH, through its group companies, is a leading provider of comprehensive and data-centric research and technology solutions that help capital market participants identify investment opportunities, detect qualitative and quantitative portfolio company risks, and meet evolving regulatory requirements. With roots dating back to 1985, we today deliver world-class benchmark and custom indices across asset classes and geographies and serve as a premier source of independent corporate governance, sustainability, cyber risk, and fund intelligence research, data, and related offerings. Our products and services give clients the scale and leverage they need to grow their business more effectively and efficiently. ISS STOXX, which is majority owned by Deutsche Börse Group, is comprised of more than 3,800 professionals operating across 30 global locations in 20 countries. Its approximately 5,500 clients include many of the world’s leading institutional investors who turn to ISS STOXX for its objective and varied offerings, as well as companies focused on ESG, cyber, and governance risk mitigation as a shareholder value enhancing measure. Clients rely on ISS STOXX’s expertise to help them make informed decisions to benefit their stakeholders.
Legal disclaimer:
STOXX Ltd., ISS STOXX GmbH, ISS STOXX Index GmbH, Deutsche Börse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX Ltd., ISS STOXX GmbH, ISS STOXX Index GmbH, Deutsche Börse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. None of their products or services recommends, endorses, approves or otherwise expresses any opinion regarding any issuer, securities, financial products or trading strategies. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX Ltd., ISS STOXX GmbH, ISS STOXX Index GmbH, Deutsche Börse Group or their licensors, research partners or data providers on the merits of that company and may not be relied on as such. Financial instruments based on the STOXX® indices, DAX® indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX Ltd., ISS STOXX GmbH, ISS STOXX Index GmbH, Deutsche Börse Group or their licensors, research partners or data providers.
[1] Source: Global X ETFs Europe, as of November 2025.
[2] Total return in euros, period includes start of 2023 through September 2025.
[3] Source: STOXX. Data through September 2025.
[i] Source: Global X, as of August 2025
[ii] Mirae Asset, as of June 2025
[iii] Mirae Asset, as of June 2025
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