The actively managed exchange-traded fund (ETF) combines a concentrated US equity portfolio with an options overlay designed to provide partial downside protection while limiting upside participation.

CJ Lawrence, a division of Apollon Wealth Management, has launched the Buffered Bulldog ETF (ACJL), which combines its Bulldog equity investment strategy with an options overlay linked to the S&P 500. The fund employs a systematic options overlay on the SPDR S&P 500 ETF Trust  The fund invests in a concentrated portfolio of approximately 30 to 50 US-listed equities selected through CJ Lawrence's Bulldog investment philosophy. The strategy focuses on identifying long-term invest