ETFs
BlackRock Launches 100% Hedged Equity ETF (BLK, MAXJ)
BlackRock Inc. is the latest asset manager to launch an exchange-traded fund that offers a way to profit from rising stocks, while hedging 100% of the downside if markets fall.
The iShares Large Cap Max Buffer Jun ETF is expected to begin trading under the symbol MAXJ on Monday. Using options, it will give investors exposure to the S&P 500’s upside up to about 10.6% and hedge any downside over a 12-month period.