The two actively managed exchange-traded funds (ETFs) that combine equity exposure with options-based downside protection.
Columbia Threadneedle Investments has listed the Columbia RECS Laddered Moderate Buffer ETF (RECM) and Columbia RECS Laddered Deep Buffer ETF (RECD) on NYSE Arca, marking its entry into the laddered buffer ETF market. The RECM ETF is designed to reduce the impact of moderate market declines Both funds are built around the firm's Research Enhanced Core (RECS) strategy, which provides the underlying equity exposure. Each portfolio is paired with put options that are staggered across quarterly