Allianz Investment Management has introduced two new ETFs, the AllianzIM U.S. Large Cap Buffer10 May ETF and the AllianzIM U.S. Large Cap Buffer20 May ETF. The funds aim to offer investors a cushion against the S&P 500 downside of up to 10% or 20%, while still providing upside potential in market rallies. The ETFs have 12-month outcome periods with a 10% and 20% buffer, respectively. The funds seek to offer a downside buffer against market drops while allowing investors the opportunity to participate in the upside potential of the SPDR S&P 500 ETF Trust up to a stated cap.
ETF Newz Says:
The funds are offered at an expense ratio of 74 basis points and reflect a new stated cap commensurate with prevailing market conditions.
