Global X launches two defined outcome ETFs

Downside protection to S&P 500

Global X ETFs has launched a suite of defined outcome ETFs, which aim to provide downside protection to the S&P 500.

The two Global X S&P 500 Quarterly Buffer UCITS ETF (SPQB) and Global X S&P 500 Quarterly Tail Hedge UCITS ETF (SPQH) provide protection against differing levels of sell-off in the S&P 500. Global X argued that the new ETFs may be appealing in the current macroeconomic environment, as a looming recession weighs heavy on the minds of investors. The S&P 500 Quarterly Buffer ETF aims to absorb the first 5% of losses on the S&P 500 each quarter, using the Cboe S&P 500 15% WHT Quarterly 5% Buffer Protect index. BNP Paribas AM merges quantitative and ETF teams Meanwhile, the S&P 500 Q...