New active ETF from First Trust on Xetra: active buffer strategy on S&P 500 Index with May 2024/2025 as new target outcome period

Release date: 21 May 2024 | Deutsche Börse Cash Market

New active ETF from First Trust on Xetra: active buffer strategy on S&P 500 Index with May 2024/2025 as new target outcome period

As of today, a new exchange-traded fund from First Trust is tradable on Xetra and via the trading venue Börse Frankfurt.

The First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May pursues an actively managed investment strategy with the aim of tracking the performance of the S&P 500 Index up to a fixed upside cap. Simultaneously, the fund aims to minimise losses (buffer) for the first 15 per cent price declines at the end of the defined target outcome period of one calendar year. The investment manager invests the entire assets in FLEX options, which are put as well as call options.

The buffer strategy begins and ends in May of each year and is then rebalanced by the fund investing in a new package of FLEX options. The cap is calculated on the first reference date depending on market conditions, while the buffer always remains unchanged at 15 per cent. The current cap and buffer details are available on the First Trust website.

Name

Asset class

ISIN

Ongoing charges

Distribution policy

First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May

Active Equity ETF

IE000P0FL8E3

0.85 per cent

accumulating

The product offering in Deutsche Börse’s XTF segment currently comprises a total of 2,163 ETFs. With this selection and an average monthly trading volume of around €14 billion, Xetra is the leading trading venue for ETFs in Europe.



Further information

Market Status

XETR

-

-

Parts of the trading system are currently experiencing technical issues

The trading system is currently experiencing technical issues

Xetra newsboard

The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.

Please find further information about incident handling in the Emergency Playbook published on the Xetra webpage under Technology --> T7 trading architecture --> Emergency procedures. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message

We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.


Emergency procedures


An instant update of the Market Status requires an enabled up-to date Java™ version within the browser.