First Trust Files Quarterly Buffered QQQ ETF With 15% Downside Protection

The FT Vest Nasdaq-100® Quarterly 15 Buffer ETF will use FLEX Options to provide exposure to the Invesco QQQ Trust (QQQ) while buffering the first 15% of losses over approximately three-month outcome periods. In exchange for the downside buffer, investor gains are capped at a level set at the start of each quarter and reset every three months. The actively-managed fund is designed for investors who hold shares for the full outcome period, with returns potentially differing significantly for those who buy or sell during the quarter.