The world’s first exchange traded fund to offer 100 per cent protection against losses is due to launch in the US on Tuesday.
The Innovator US Equity Principal Protected ETF will stretch the increasingly popular “buffered” ETF concept to its limit.
“This is something that we have been looking at for a number of years,” said Graham Day, chief investment officer of Innovator Capital Management. “We have started to see a lot more interest in this type of product.”
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