First Trust Launches New Laddered Portfolio of Buffer ETFs (“BUFR”) on Cboe Canada
BUFR seeks to provide investors with capital appreciation while limiting downside risk
Toronto | May 25, 2023 – Cboe Canada (the new business name of the NEO Exchange) is pleased to welcome back return issuer, FT Portfolios Canada Co. (“First Trust”) with the launch of the First Trust Cboe Vest Fund of Buffer ETFs (Canada) ETF. The new, “laddered” buffer ETF is now trading under the symbol NEO:BUFR.
This new First Trust ETF seeks to achieve its investment objective by providing unitholders with a capped exposure to U.S. large capitalization companies, included in the S&P 500 index, while limiting downside risk through investment in an equally weighted portfolio of First Trust Cboe Vest U.S. Equity Buffer ETFs (“Underlying ETFs”). Investing in the laddered portfolio of Underlying ETFs will allow the downside protection and cap levels to be reset on a quarterly basis.
“We are excited to partner again with Cboe Canada for the listing of our newest ETF,” said Karl Cheong, Head of Distribution at First Trust Canada. “We understand that in today’s uncertain economic climate, the priority of every investor is not just to grow, but also to safeguard their portfolio. Our innovative downside protection product has been designed with this in mind, meticulously structured to thrive amidst volatility.”
BUFR is now available for trading on Cboe Canada, alongside two other First Trust ETFs. Investors can trade units of all three First Trust ETFs through their usual investment channels, including discount brokerage platforms and full-service dealers. Click here for a complete view of all Cboe Canada-listed securities.
“First Trust’s new buffer ETF is a uniquely crafted investment vehicle, providing all types of investors with the means to navigate volatile market conditions and democratizing access to a sophisticated derivatives enabled investment strategy. It is a perfect fit for Cboe Canada, the Tier 1 Canadian exchange fueling the purpose-driven Innovation Economy and an affiliate of Cboe Global Markets, operator of the leading Cboe Options Exchange,” added Jos Schmitt, President & CEO of Cboe Canada. “We are very proud to support First Trust once again with this new listing. The return of an innovative fund manager is an affirmation of Cboe’s commitment not only to the success of our issuers, but to fostering growth and innovation in the Canadian ETF market as a whole.”
Cboe Canada is home to over 250 unique listings, including ETFs from Canada’s largest ETF issuers, Canadian Depositary ReceiptsTM(CDRs), and some of the most innovative Canadian and international growth companies. In Canada, Cboe consistently facilitates close to 20% of all volume traded in Canadian ETFs and close to 15% of all volume traded in Canadian-listed companies.
About Cboe Canada
Cboe Canada, the new business name of the NEO Exchange, is Canada’s Tier 1 stock exchange for the purpose-driven Innovation Economy, providing a best-in-class listing experience for issuers that are shaping the economies of tomorrow. Fully operational since 2015, Cboe Canada lists investment products and companies seeking an internationally recognized stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.
Cboe Canada is part of the Cboe Global Markets network, leveraging deep international expertise, industry-leading market intelligence and technology, and unparalleled service to deliver what stakeholders and the world need now, and for the future. Cboe Canada is an affiliate of Cboe MATCHNow.
Cboe powers ETF Market Canada, a user-friendly platform providing investors and advisors with one-stop access to ETF research and analysis. Real-time, institutional-grade data allows users to compare, contrast, and explore the entire universe of 1,200+ Canadian ETFs, free of charge.
About First Trust
First Trust Canada is the trustee, manager, and promoter of the First Trust ETFs. First Trust Canada and its affiliates First Trust Advisors L.P. (“FTA”), portfolio advisor to the First Trust ETFs, an Ontario Securities
Commission registered portfolio manager and U.S. Securities and Exchange Commission registered
investment advisor, and First Trust Portfolios L.P. (“FTP”), a FINRA registered broker-dealer, are privately-
held companies that provide a variety of investment services. FTA has collective assets under management or supervision of approximately US $196 billion as of March 31, 2023 through exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.
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