BlackRock launches 'buffer' ETF with 100% downside risk hedge for cautious investors.
BlackRock, the world's largest asset manager, has launched a 'buffer' exchange-traded fund (ETF) offering a 100% hedge against downside risk for cautious investors seeking to tap the booming stock market. The iShares Large Cap Max Buffer Jun ETF, starting trade under the ticker MAXJ, uses options to provide upside exposure to the S&P 500 with a cap of 10.6% whilst hedging against downside losses for a 12-month period.
July 01, 2024
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