#MarketPullback Global X ETFs Australia has revealed that its US equity-themed exchange traded fund (ETF) had its best month on record of net flows in April despite the “sharp sell-down” currently plaguing the US market.

The Global X US 100 ETF (U100), recording $26 million in net flows, was one of several ETFs managed by the Australian specialist to reach new highs, joined by Australian covered call ETF strategies and gold ETFs.

According to the manager, a covered call “is an options strategy where investors sell a call option on shares they already own, providing income from the premium received for selling the option, though limiting upside potential if the share price rises above the call strike price”.

The Global X S&P/ASX 200 Covered Call Complex ETF (AYLD) saw a new record of $14.7 million in net flows across April.