Cboe Vest's structured funds cross US$100m mark

Pablo Conde, 21 December 2017

Cboe Vest's structured product-like set of mutual fund products, including its S&P 500 Enhanced Growth Strategy Fund, S&P 500 Buffer Protect Strategy Fund and S&P 500 Buffer Protect Index Balanced Series which were launched earlier in the year have crossed $100m in assets. Three of the funds are very similar to structured notes and replicate popular payoffs in the structured notes market. "The early growth - from their launch to more than $125m in assets across such strategies - is an encouraging indication of the demand for such payoffs from investors," said Karan Sood, managing director at Cboe Vest. "To be able to offer these kinds of payoffs in a 1940-act compliant delivery vehicle is something that has not been done before."

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