Launch of First Trust Vest U.S. Equity Moderate Buffer UCITS ETF – February on the London Stock Exchange
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Rupert Haddon Managing Director at First Trust Global Portfolios
First Trust Vest U.S. Equity Moderate Buffer UCITS ETF – February
The Fund is an actively managed Fund which seeks to provide investors with returns (before fees and expenses) that match the price return 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, approximately a one year period starting 19 February 2024.
Under normal market conditions, the Fund will invest substantially all of its assets in Flexible Exchange® Options (“FLEX Options”) that reference the price performance of the S&P 500® Index.
FLEX Options are customised equity or index put and call option contracts that are cleared by the Options Clearing Corporation (the “OCC”) and traded on Regulated Markets in the US (and in particular the Cboe Options Exchange).
| Product Name | First Trust Vest U.S. Equity Moderate Buffer UCITS ETF – February |
| ISIN | IE000X8M8M80 |
| SEDOL | BQXHPT3 |
| Issuer | First Trust Advisors L.P. |
| Trading Currency | GBP |
| Underlying | S&P 500® Index – Price Return (SPX) |
| Management Fee | 0,85% |
| Product Name | First Trust Vest U.S. Equity Moderate Buffer UCITS ETF – February |
| ISIN | IE000X8M8M80 |
| SEDOL | BQXHPQ0 |
| Issuer | First Trust Advisors L.P. |
| Trading Currency | USD |
| Underlying | S&P 500® Index – Price Return (SPX) |
| Management Fee | 0,85% |
Source: ETFWorld
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