The exchange-traded fund (ETF) aims to limit steep annual losses in international developed equities while still keeping investors exposed to global stock markets.

Innovator Capital Management (Innovator) has expanded its managed floor ETF range with the Innovator International Developed Equity Managed Floor ETF (IFLR), the first in the series to focus on international developed markets. The ETF purchases four sets of one-year put contracts, each expiring three months apart The 'managed floor' design is built to provide equity exposure with defined guardrails against large market drawdowns. It does this by combining physical equity exposure, a diversi