New on Xetra: active ETF from First Trust provides access to buffer strategy on S&P 500 with January 2025/2026 as target period
New on Xetra: active ETF from First Trust provides access to buffer strategy on S&P 500 with January 2025/2026 as target period
A new active exchange traded fund issued by First Trust is available for trading on Xetra and Börse Frankfurt.
The First Trust Vest U.S. Equity Buffer UCITS ETF - January pursues an active investment strategy with the aim of tracking the performance of the S&P 500 Index up to a fixed upper limit (cap). At the same time, the fund aims to hedge against losses (buffer) for the first 10 per cent of price declines at the end of the defined target period of one calendar year. To this end, the investment management invests the entire assets in FLEX options. These are put and call option contracts.
The buffer strategy begins and ends each year in January and is then rebalanced by the fund investing in a new package of FLEX options. The cap is calculated on the first reporting date depending on market conditions, while the buffer always remains unchanged at 10 per cent. Details of the current cap and buffer can be found on the First Trust website.
Name | Asset class | ISIN | Ongoing charges | Distribution policy |
First Trust Vest U.S. Equity Buffer UCITS ETF - January | Active Equity ETF | 0.85 per cent | accumulating |
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