First Trust lists one new Active U.S. Equity Buffer ETF on the LSE

First Trust lists one new First Trust Vest U.S. Equity Buffer UCITS ETF – January on London Stock Exchange

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By ETFWorld.co.uk

Rupert Haddon Managing Director at First Trust Global Portfolios

First Trust Vest U.S. Equity Buffer UCITS ETF – January

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 10% of Index losses over approximately a one year period starting 21 January 2025.

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).

The ETF can be held indefinitely, resetting at the end of each outcome period (approximately annually).

Source: ETFWorld