The proposed launch will add a feature popular in structured notes to First Trust's autocallable ETF lineup, which currently hosts US$800m in assets.
First Trust is preparing to list the FT Vest Laddered Autocallable Buffer & Resilient Income ETF on NYSE Arca, according to an SEC filing on Friday. The offering is set to bring a maturity buffer to its autocallable ETF suite which currently hosts two products with additional in the pipeline. The expanded lineup underscores the American asset manager’s ambition to keep bringing popular payoffs from structured notes to the ETF world. Cboe-backed Vest Financial continues to act as the