The ETF provider known for its leveraged lineup is adding a second autocallable ETF with buffer payoff, complementing its more aggressive first offering, ATCL.
REX Shares (REX) is planning to introduce an autocallable ETF featuring downside buffer and gearing payoffs, a popular structure for traditional structured notes, according to its SEC filing on Friday, which will go effective on 29 July. To go listed on NYSE Arca, the REX Defensive Autocallable Income ETF seeks to generate monthly income while providing ‘enhanced downside mitigation’ through an autocallable index. The autocallable index offers exposure to an unspecified number of s