In An Uncertain Stock Market Environment, A 'Buffer' ETF Offers 100% Downside Protection, With Capped Gains
In An Uncertain Stock Market Environment, A 'Buffer' ETF Offers 100% Downside Protection, With Capped Gains
Buffer ETFs, also referred to as defined-outcome ETFs, provide safeguarding against drawdowns for a specified period through the utilization of options that secure an investment's outcome. In exchange for capping certain gains, they absorb a portion of potential stock market losses.Investors have traditionally employed strategies such as hedging and implementing stop losses to protect themselves against downside risk in the stock market.
傳統上，投資者採用套期保值和實施止損等策略來保護自己免受股票市場的下行風險。
Innovator Capital Management, an ETF issuer, provides an alternative option for investors, by offering a series of "buffer ETFs" that offers downside protection by limiting losses, according to Bloomberg.
創新者資本管理據彭博社報道，ETF發行商通過提供一系列 “緩衝ETF”，通過限制損失來提供下行保護，爲投資者提供了另一種選擇。
On Tuesday, the company's newest ETF, the Innovator Equity Defined Protection ETF (NYSE:TJUL) began trading. The fund, which tracks S&P 500 returns with a 100% downside buffer over a two-year outcome period, has an upside cap of 16.62%.
週二，該公司最新的ETF， 創新者股票定義保護ETF 紐約證券交易所代碼：TJUL）開始交易。該基金，它追蹤 標準普爾 500 在兩年業績期內，回報率爲100％下行緩衝，上限爲16.62％。
Buffer ETFs, also referred to as defined-outcome ETFs, provide safeguarding against drawdowns for a specified period through the utilization of options that secure an investment's outcome. In exchange for capping certain gains, they absorb a portion of potential stock market losses.
緩衝ETF，也稱爲固定結果ETF，通過使用確保投資結果的期權，在特定時期內提供防範虧損的保障。作爲限制某些收益的交換，它們吸收了部分潛在的股市損失。
It's important to note that buffered ETFs don't possess any tangible stocks or bonds; instead, they rely on options to mirror the performance of an index.
值得注意的是，緩衝交易所買賣基金沒有任何有形股票或債券；相反，它們依靠期權來反映指數的表現。
"If we look at the insurance and structured-note world, we find that there is far more demand for products that give you some equity upside, but with 100% downside protection built into the products," Graham Day, chief investment officer at Innovator told the outlet. "That's what we are going after with this Defined Protection ETF — to, for the first time ever, give investors access to the equity markets, but with a 100% buffer built into the product."
“如果我們看一下保險和結構性票據領域，我們會發現對能給你帶來股票上漲空間的產品的需求要大得多，但產品內置了100％的下行保護，” 格雷厄姆日，Innovator的首席投資官告訴媒體。“這就是我們對這款定義保護ETF的追求——這是有史以來第一次讓投資者進入股票市場，但產品中內置了100％的緩衝區。”
Trading the upside in volatility is another way traders can protect themselves from market downturns. Traders wishing to trade the volatility in the stock market can use MIAX's SPIKES Volatility products. The products, which are traded on SPIKES Volatility Index (XMIO: SPIKE), track expected volatility in the SPDR S&P 500 over the next 30 days.
交易波動率的上行空間是交易者保護自己免受市場低迷影響的另一種方式。希望交易股市波動率的交易者可以使用 MIAX 的 SPIKES 波動率產品。這些產品，可以用來交易 SPIKES 波動率指數 (XMIO: SPIKE)，追蹤預期的波動率 SPDR 標準普爾 500 在接下來的 30 天內。
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繼續閱讀：該交易所在短短几年內就獲得了16.24％的立足點，顛覆了該行業——如何交易市場上一些最前沿的波動率產品
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譯文內容由第三人軟體翻譯。
