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Innovator lists June Series of S&P 500 Buffer ETFs


The June Series of Innovator Capital Management’s Innovator S&P 500 Buffer ETFs have begun trading on the Cboe.

“We are pleased to be expanding our range of Innovator S&P 500 Buffer ETFs into a monthly series,” says Bruce Bond, CEO of Innovator ETFs. “We believe Innovator Defined Outcome ETFs are a true game changer for the investment community, providing liquid, low cost and transparent access to the S&P 500 with built-in downside buffers.

“Innovator Defined Outcome ETFs eliminate the credit risk, high fees, and lock up features commonly associated with structured note and annuity vehicles attempting to provide similar defined outcomes, while adding liquidity, and transparency. RIAs have readily embraced our Defined Outcome ETFs and their inherent benefits, but we have just scratched the surface in terms of the potential application of Defined Outcome ETFs. In addition to the monthly S&P 500 buffers, we are looking forward to offering several new types of buffered ETFs in the near future providing exposure to other core equity market segments that may be used to further enhance portfolio diversification.”

The Innovator S&P 500 Buffer ETF suite seeks to provide investors with exposure to the S&P 500 Price Return Index (S&P 500) up to a Cap, with downside buffer levels of 9 per cent, 15 per cent, or 30 per cent over an Outcome Period of approximately one year. The ETFs reset annually and can be held indefinitely. Innovator S&P 500 Buffer ETFs, with over USD800 million in AUM as of 31 May, 2019, are among the fastest growing new category of ETFs in the market today.

“We are excited to be partnering with Innovator on the expansion of its Defined Outcome ETF line,” says Matt Kaufman, Principal and Head of Product Development at Milliman Financial Risk Management, and Innovator’s sub-adviser for the Defined Outcome ETFs. “Providing intraday price discovery to the structured outcome is perhaps one of the greatest innovations the ETF space has seen since smart beta ETFs were introduced. The benefits of placing structured outcomes inside the liquid ETF wrapper are just beginning to be realised; we are in the early stages of growth for this space.”

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