First Trust lists a new GBP Cboe Vest U.S. Equity ETF to the LSE

Launch of the First Trust Cboe Vest U.S. Equity Moderate Buffer UCITS ETF – November on the London Stock Exchange

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Derek Fulton, CEO at First Trust Global Portfolios

First Trust Cboe Vest U.S. Equity Moderate Buffer UCITS ETF

The Fund seeks to provide investors with returns (before fees, expenses and taxes) that match the price returns of the S&P 500 Index, up to a predetermined upside cap, while providing a buffer (before fees and expenses) against the first 15% of Index losses, over a specified approximately one-year time period.

The Fund intends to pursue an actively managed investment strategy and will seek to achieve its investment objective by investing substantially all of its assets in FLexible EXchange Options that reference the price performance of the Index.

Source: ETFWorld