AllianzIM U.S. Equity Buffer20 Aug ETF (AUGW)
AllianzIM U.S. Equity Buffer20 Aug ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Minneapolis, MN, US. The stock last traded at $34.87, up 0.21% on the session, giving a market capitalisation of $136.1M. Its beta of 0.42 implies it has historically moved less than the broad market.
This ETF is designed to track the share price performance of the SPDR S&P 500 ETF Trust (its underlying benchmark) over a specific investment duration. While it seeks to replicate these returns, its potential gains are limited by a predetermined cap. Concurrently, the fund offers a protective cushion against the first 20% of any losses incurred by the underlying ETF. It's important to note that both this upside limit and the downside buffer will be diminished by the fund's management fees and various other operational expenses.
AllianzIM U.S. Equity Buffer20 Aug ETF is most often compared with the following Financial Services names: