First Trust to list June Series of Target Outcome ETFs
First Trust Advisors (First Trust) expects to launch the June Series of the Target Outcome ETFs on 22 June, 2020.
The FT Cboe Vest US Equity Buffer ETF – June (Cboe: FJUN) and the FT Cboe Vest US Equity Deep Buffer ETF – June (Cboe: DJUN) seek an outcome that provides investors with returns (before fees and expenses) that match the price return of the SPDR S&P 500 ETF Trust (SPY), up to a predetermined upside cap, while providing a buffer against potential SPY losses.
The funds are managed and sub-advised by Cboe Vest Financial (Cboe Vest) using a “target outcome strategy” or pre-determined target investment outcome.
newETFs.io respects the hard work of others and gives all credit to the remarkable folks at ETFexpress.com. This excerpt/article was pulled from their RSS feed; click here to view the original. Please note that on occasion, the RSS feed will not have the author. When this happens this site defaults the author to "News". Make no mistake, this excerpt/article was not created by newETFs.io, it was simply shared with you.