AllianzIM U.S. Equity Buffer20 Jul ETF (JULW)
AllianzIM U.S. Equity Buffer20 Jul ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Minneapolis, MN, US. The stock last traded at $41.47, up 0.16% on the session, giving a market capitalisation of $322.2M. Its beta of 0.37 implies it has historically moved less than the broad market.
This ETF is designed to mirror the investment performance of the SPDR S&P 500 ETF Trust (its underlying benchmark) over a specific investment cycle. While it aims to track the benchmark's gains, these are limited by a predetermined maximum return, referred to as an upside cap. In terms of downside protection, the fund also provides a buffer against the initial 20% of any losses the underlying ETF might experience. It's important to note that both this potential upside cap and the protective buffer will be reduced after the deduction of management fees and other operational costs associated with the fund.
AllianzIM U.S. Equity Buffer20 Jul ETF is most often compared with the following Financial Services names: