Aptus Capital Advisors, LLC announces the launch of the International Drawdown-Managed Equity ETF (Cboe: IDME), an actively-managed ETF targeting non-US stocks with a focus on managing drawdown risk through hedges.
The launch of IDME adds to the firm’s growing suite of actively-managed ETF strategies, as the firm recently reached USD1.3 billion in assets under management across its ETFs. Launched in 2013, Aptus Capital Advisors supports advisors pursuing better client outcomes through hedged strategies, managed portfolios, and investment support. Independent wealth managers have gravitated to these strategies for their abilities to pursue upside while dynamically managing risk.
“Our Drawdown Patrol strategies have been a compelling solution for many advisors and their clients as they look to meet client needs in a low rate environment.” says JD Gardner, Founder and Portfolio Manager at Aptus Capital Advisors. “We’re proud to have helped advisors help clients over the past five years, and excited to extend our experience into international markets with the launch of IDME.”
“We are pleased Aptus Capital Advisors has once again selected Cboe as the primary listing venue for their suite of actively managed ETFs,” says Laura Morrison, Senior Vice President and Global Head of Listings at Cboe Global Markets. “As their product offerings continue to grow on our exchange, we remain committed to providing best-in-class market quality and unmatched listings services to support their continued success.”
IDME seeks capital appreciation with downside protection by investing in a portfolio of ETFs that invest in equity securities of non-US (international) companies in developed and emerging markets throughout the world. The fund purchases and/or writes (sells) exchange-listed call or put options on one or more broad-based indexes or ETFs that track the performance of equity markets outside of the United States to (i) limit downside (“drawdown”) risk, (ii) create additional equity exposure, and/or (iii) generate premiums from writing call options on the fund’s equity investments. At least 80 per cent of the fund’s net assets will be invested in equity securities. IDME began trading on the Cboe BZX Exchange on Friday, July 23, 2021.
