Reported about 1 year ago
BlackRock has introduced a buffer exchange-traded fund (ETF) providing a 100% downside hedge for risk-averse investors considering equity markets, aiming to maximize returns while offering downside protection. The iShares Large Cap Max Buffer Jun ETF, known as 'MAXJ,' commenced trading and tracks the S&P 500's returns using options with an upside cap, ensuring a full year of downside protection. BlackRock now manages over $25 billion in assets under management through more than 40 active ETFs in the U.S.
Source: YAHOO