New Active ETF from First Trust on Xetra: Access to the Buffer strategy on Nasdaq-100 with December 2024/2025 as new target outcome period
New Active ETF from First Trust on Xetra: Access to the Buffer strategy on Nasdaq-100 with December 2024/2025 as new target outcome period
Since Monday, a new Active Exchange Traded Fund from First Trust has been tradable via Xetra and Börse Frankfurt.
The First Trust Vest Nasdaq-100 Moderate Buffer UCITS ETF - December pursues an active investment strategy, with the aim of tracking the performance of the Nasdaq-100 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 December each year and is then rebalanced by 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.
Name | Asset class | ISIN | Ongoing charges | Distribution policy |
First Trust Vest Nasdaq-100 Moderate Buffer UCITS ETF - December | Active Equity ETF | 0.90 per cent | accumulating |
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 2,328 ETFs. With this selection and an average monthly trading volume of around €16 billion, Xetra is the leading trading venue for ETFs in Europe.