Bringing you live news and features since 2006 

AllianzIM launches six month buffered outcome ETF


Allianz Investment Management LLC (AllianzIM), a wholly owned subsidiary of Allianz Life Insurance Company of North America has launched a new buffered outcome ETF with a six-month outcome period: the AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF (NYSE: SIXO).

AllianzIM’s new ETF seeks to match the returns of the S&P 500 Price Return Index up to a stated Cap, while providing downside risk mitigation through a Buffer against the first 10 per cent of S&P 500 Price Return Index losses for SIXO over a six-month outcome period. SIXO seeks to meet its investment objective using flexible exchange (FLEX) options.

“The buffered outcome ETF market has grown dramatically, increasing from zero to almost $8 billion of assets in just three years,” says Johan Grahn, Vice President and Head of ETF Strategy at AllianzIM. “We’re excited to expand our lineup of Buffered Outcome ETFs to meet the evolving risk management needs of investors. SIXO is the latest addition to our Defined Outcome ETF lineup, providing investors with an opportunity to participate in the equity market up to a cap in an ETF that provides a 10 per cent buffer against losses and the potential for gains to be realized every six months.”

SIXO debuts as one of the lowest-cost buffered outcome ETFs on the market with an expense ratio of 0.74 per cent. The ETF is designed to create more opportunity for investors with two outcome periods per year, as well as provide additional applications within an investment portfolio. SIXO provides the potential for greater downside mitigation with a 10 per cent buffer over a shorter period and can serve as a potential alternative to short-term, low-yielding investment vehicles.

The six-month outcome ETF joins the existing suite of AllianzIM Buffered Outcome ETFs with a 10 per cent and 20 per cent buffer, which offer a one-year outcome period. The AllianzIM U.S. Large Cap Buffer10 Oct ETF (NYSE: AZAO) and the AllianzIM U.S. Large Cap Buffer20 Oct ETF (NYSE: AZBO) today begin a new one-year outcome period with new upside caps.

Latest News

Amundi’s ETF Market Flows Analysis for May finds that global ETF inflows were EUR105.1 billion with US-domiciled equity funds accounting..
MerQube has announced the appointment of Dave Mueller as Chief Financial Officer. Mueller brings 17 years experience operating in corporate..
Northern Trust Asset Management (NTAM), has announced that David Abner is joining as Head of Global ETFs and Funds...
Nvidia’s market cap surge to more than USD3 trillion making it the second most valuable company in the world almost..

Related Articles

Darren Johnson, Komainu
Custody specialist, Komainu, was launched in 2018 as a joint venture between Nomura, digital-asset investment manager, CoinShares and blockchain business,...
Stuart Chaussee
In January this year, global data and business intelligence platform, Statista reported that there are now more than 8000 ETFs...
Ethereum coin
Last week saw Australia launch spot bitcoin ETFs, with Matteo Greco, Research Analyst at Fineqia International, writing that Monochrome Asset...
Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by