Innovator expands its defined outcome ETFs to the fixed income space, iShares closes 8 ETFs, and Exchanged Traded Concepts releases an ETF that focuses on companies with at least two share classes.
- Innovator expands its defined outcome ETFs to the fixed income space.
- The Innovator 20+ Year Treasury Bond 9 Buffer ETF – July (TBJL) and Innovator 20+ Year Treasury Bond 5 Buffer ETF – July (TFJL) are both designed to track the share price of the iShares 20+ Year Treasury Bond ETF TLT with caps on upside performance and downside limits.
- TBJL protects against the first 9% of losses during the outcome period with an upside cap of 9.25%
- TFJL has a hard floor that only allows a maximum loss of 5% with an upside cap of 6.75%.
- Both TFJL and TBJL carry an expense ratio of 0.79%.
- Announced in June, iShares officially shuts down 8 of its ETFs.
- The shuttered ETFs include:
- iShares Edge MSCI Min Vol Europe ETF (EUMV).
- iShares Currency Hedged MSCI Australian ETF (HAUD).
- iShares Currency Hedged MSCI Italy ETF (HEWI).
- iShares Currency Hedged MSCI Switzerland ETF (HEWL).
- iShares Currency Hedged MSCI Spain ETF (HEWP).
- iShares Currency Hedged MSCI South Korea ETF (HEWY).
- iShares Europe Developed Real Estate ETF (IFEU).
- iShares Edge MSCI Min Vol Japan ETF (JPMV).
- The shuttered ETFs include:
- Exchange Traded Concepts launches an ETF that focuses on companies with more than one share class.
- The North Shore Dual Share Class ETF (DUAL) tracks an underlying index’s components that are drawn from the largest 3,000 companies listed in the U.S. and comes with an expense ratio of 0.85%.
- Of these 3,000 companies, they must meet a minimum size threshold and must have has an initial public offering at least six months previously or within no more than the last 20 years.
- The index currently has 177 components as of the end of April.
(Source: etf.com)
