FYI: First Trust recently filed with the SEC to launch its own family of defined-outcome ETFs that will compete with the first-of-their-kind ETFs offered by Innovator ETFs. The First Trust Buffer April ETF and First Trust Ultra Buffer April ETF will offer limited downside protection and capped upside opportunity, just like the Innovator ETFs.
The “Buffer” fund will track the S&P 500 Price Return Index up to a yet-to-be-determined maximum return, while protecting investors against the first 10% of losses. The “Ultra Buffer” fund will track the same index with its own yet-to-be-determined upside cap, and protect investors from losses greater than 5% and less than 35%, according to the funds’ prospectus.
Regards,
Ted
https://www.etf.com/sections/daily-etf-watch/new-filing-buffered-etfs
