New active ETF from First Trust on Xetra: active buffer strategy on S&P 500 Index with February 2024/2025 as new target outcome period

As of today, a new exchange-traded fund from First Trust is tradable on Xetra and via the trading venue Börse Frankfurt.

The First Trust Cboe Vest U.S. Equity Moderate Buffer UCITS ETF – February pursues an actively managed investment strategy with the aim of tracking the performance of the S&P 500 Index up to a fixed upside cap. Simultaneously, the fund aims to minimise losses (buffer) for the first 15 per cent price declines at the end of the defined target outcome period of one calendar year. The investment manager invests the entire assets in FLEX options, which are put as well as call options.

The buffer strategy begins and ends in February of each year and is then rebalanced by the fund investing in a new package of FLEX options. The cap is calculated on the first reference date depending on market conditions, while the buffer always remains unchanged at 15 per cent. The current cap and buffer details are available on the First Trust website.

NameAsset classISINOngoing chargesDistribution policy
First Trust Cboe Vest U.S. Equity Moderate Buffer UCITS ETF – FebruaryActive Equity ETFIE000X8M8M800.85 per centaccumulating

The product offering in Deutsche Börse’s XTF segment currently comprises a total of 2,136 ETFs. With this selection and an average monthly trading volume of around €15 billion, Xetra is the leading trading venue for ETFs in Europe.

Contact for media:

Carsten Kipper

Phone +49-(0) 69-2 11-1 56 54

media-relations@deutsche-boerse.com

Published on February 21, 2024

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