AllianzIM U.S. Equity Buffer10 Oct ETF (OCTT)
AllianzIM U.S. Equity Buffer10 Oct ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Minneapolis, MN, US. The stock last traded at $47.75, up 0.19% on the session, giving a market capitalisation of $57.3M. Its beta of 0.59 implies it has historically moved less than the broad market.
This ETF is designed to mirror the share price performance of the SPDR S&P 500 ETF Trust (its underlying benchmark) over a defined investment cycle. While it aims to capture these gains, they are subject to a predetermined maximum upside, or cap. Concurrently, the fund provides a safety net, protecting investors from the first 10% of any declines experienced by the underlying ETF. It's important to note that both this upside limit and the downside protection will be diminished by the deduction of management fees and other operational costs of the fund.
AllianzIM U.S. Equity Buffer10 Oct ETF is most often compared with the following Financial Services names: