Latest news with #InnovatorCapitalManagement
Yahoo
2 days ago
- Business
- Yahoo
How bitcoin ETFs could ease concerns for crypto-wary investors
Bitcoin (BTC-USD) hit a record high early Monday on July 14, briefly topping $120,000 before settling just under $121,000 as interest in crypto investing grows. Tim Urbanowicz, chief investment strategist at Innovator Capital Management, joins Market Catalysts to break down how his crypto ETF aims to give investors bitcoin exposure with downside protection. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts here. cryptocurrency flying past 120,000. Now it's hovering just under 121. So, there's a lot of increasing number of ways for investors to invest in crypto. Let's talk about some of them. Tim Urbanowitz is still with me. Innovator capital management, chief investment strategist, and as it happens, you guys have, um, a, um, an ETF, at least one ETF that it offers exposure to Bitcoin, right? We do, Julie. And you know, you look at this whole conversation we talked about the fis fiscal picture. Obviously, that is making the the Bitcoin conversation even more relevant to our advisors as a store of value. But we take a step back and you look at this pocket of capital, the advisors that are advised that are talking to their clients about, how do you own Bitcoin, institutions that are talking about how do you get Bitcoin in their portfolio, and their critiques historically have been, well, it doesn't, it doesn't generate income and it's too volatile. A lot of the developments that you have seen in the ETF market are helping to address those. And we think are really going to help open up this, this additional pocket of capital for crypto investing. Um, so, you know, one strategy that that we offer QBF, what this strategy is designed to do is give you uncapped upside up to a 74% participation rate, while also limiting your losses to 20% over three months. So we look at something like that, really good way for advisors to have that conversation with their clients, knowing that you do have that floor against losses, really a way, a good way to take down the volatility overall. So I'm I'm really curious about this product, right? Because, um, I've been doing this long enough that if something sounds too good to be true, probably is. I'm just curious how do you cap that downside when it comes to something like Bitcoin that's so volatile? Well, so we use options. So we do the whole defined outcome industry landscape's all built on options. We're taking different payoffs that have available in the structured note world for decades, bringing them into the ETF. So for advisors, it gives them the ability to work it into their model portfolios, different client accounts, very simply, very easily without the need to go paperwork across a hundred different accounts. So we're really excited when you think about these type of payoffs, not just on equities which have exploded the category's now at 70 billion and just defined outcome ETFs in the US, which again didn't exist pre 2018, to bring that to an asset class like Bitcoin, I think is critical because again, so many advisors are trying to figure out, our clients are asking us about this. How do we get it into our portfolio without making sure if we go through another crypto winter, we're not blowing them up even with just a two, three, four, 5% allocation. What's the fee on a product like that look like? Uh, 79 basis points. And that's pretty typical for, uh, you know, the defined outcome landscape innovators lineup. We launch a lot of those strategies at 79, which, if you look at this in the context of, you know, cheap beta ETFs, it looks expensive, but compared to the structured note world, you know, you're cutting costs down significantly relative to what advisors used to have access to.
Bloomberg
2 days ago
- Business
- Bloomberg
Innovator's Day on First Dual Directional ETFs
Innovator Capital Management CIO Graham Day discusses the Equity Dual Directional 10 Buffer ETF (ticker: DDTL) and Equity Dual Directional 15 Buffer ETF (ticker: DDFL). He speaks with Scarlet Fu and Eric Balchunas on 'ETF IQ.' (Source: Bloomberg)
CNBC
01-07-2025
- Business
- CNBC
These new options-based funds aim to deliver positive return whether stocks rise or fall
Two new ETFs aim to give investors a way to find positive returns even when the stock market declines, offering a new defensive tool for portfolios. On Tuesday, Innovator Capital Management is rolling out the Equity Dual Directional 15 Buffer ETF — July (DDFL) and Equity Dual Directional 10 Buffer ETF — July (DDTL). The funds are designed to deliver positive returns to investors in most market environments, including when the S & P 500 drops. In severe market downturns, the funds are expected to fall but still significantly outperform the index. The Innovator funds are an example of what is becoming a new wave of defined outcome funds. This category is largely made up of buffer funds, which surged in popularity after the stock and bond markets both declined in 2022. The new dual-directional funds keep the same basic derivatives strategy that allow other buffer funds to guard against a market downturn, but they also include an additional options layer that serves as a bet the market will fall, said Innovator chief investment officer Graham Day. "Whereas the buffers protected you — you wouldn't make money in those negative markets, but you had this known level of protection — the dual directional allows you to make money in these negative markets, still have upside participation to the markets if it's positive and then have that built in buffer against losses if the market's losses are more extreme," Day said. Here's how the funds' return profile is laid out in securities filings . For one, the funds will participate in market gains up to the upside cap, which will be different for each fund and every 12-month period. The fund will also deliver a positive return that is the inverse of market losses, up to the number on the fund's label — 10% or 15%. If market losses exceed those thresholds at the end of the stated timeframe, those positive returns will quickly shrink and turn negative, but the underlying buffer would still help the fund outperform the broader market. The returns shown above do not include the 0.79% management fee for the funds. The "10" fund has an initial upside participation cap of 12.59%, while the "15" fund's cap is 8.79%. The Innovator funds are built using customizable FLEX options, just like many buffer funds, and are built assuming an investor will hold them for 12 months. The products are designed to be bought on launch day and purchases and sales made in the interim period can lead to performance that differs from the stated goals. One important thing to note is that these funds will have lower upside caps than simple buffer funds with the same timeframe, Day said. "There's no free lunch. What you're giving up here is additional upside in positive markets to give you that dual-directional benefit in negative markets," Day said. Innovator believes that investors will want use these funds in place of fixed income allocations to help offset losses elsewhere in the portfolio in the event of scenarios where both bonds and equities are declining, Day said. Innovator is not the only asset manager trying to offer a variation on buffer funds, with rivals experimenting with different time horizons and protection structures for their products. For example, last week ProShares launched buffer funds that reset on a daily basis .
Yahoo
29-05-2025
- Business
- Yahoo
Innovator ETFs® Announces Closure of ETFs
CHICAGO, May 29, 2025 (GLOBE NEWSWIRE) -- Innovator Capital Management, LLC (Innovator), pioneer and provider of the largest lineup of Defined Outcome ETFs™, today announced its intention to close four ETFs. Please reference the table below for important dates surrounding the closure of each ETF. Name Ticker End of ETFOutcome Period TradingHalts Liquidation U.S. Equity Accelerated ETF® - July XDJL 6/30/25 7/1/25 7/7/25 Premium Income 9 Buffer ETF™ - July HJUL 6/30/25 7/1/25 7/7/25 Premium Income 10 Barrier ETF® - July JULD 6/30/25 7/1/25 7/7/25 Premium Income 40 Barrier ETF® - July JULQ 6/30/25 7/1/25 7/7/25 The closing of the ETFs coincides with the end of their respective outcome periods. Shareholders may sell their ETF shares at any point during trading hours prior to the market close on its last day of trading. If investors do not sell their shares before trading is halted, the shares will be automatically redeemed on the liquidation date. After shares are redeemed, shareholders will receive cash equal to the amount of the net asset value (NAV) of their shares on the liquidation date. Payment will be made in the form of a liquidating distribution that is electronically credited to shareholders' brokerage or other applicable financial-intermediary accounts on or around the liquidation date. The ETFs may pay one or more dividends or other distributions prior to, or along with, any redemption payment. As is the case with any redemption of ETF shares, these liquidation proceeds will generally be subject to federal and, as applicable, state and local income taxes if the redeemed shares are held in a taxable account and the liquidation proceeds exceed the shareholder's adjusted basis in the shares redeemed. Shareholders should consult with their tax adviser for further information regarding the federal, state and/or local income tax consequences of this liquidation that are relevant to their specific situation. Innovator also intends to close the October series of the funds listed above during the 2025 calendar year. More information about these closures will be released in the coming months. The combined assets under management in the four ETFs listed above was $18.2 million as of May 15, 2025, representing 0.07% of Innovator's total AUM. Media ContactFrank Taylor / Stephanie Dressler(646) 808-3647 / (949) 269-2535Frank@ / Stephanie@ The Funds have characteristics unlike many other traditional investment products and may not be suitable for all investors. For more information regarding whether an investment in the Fund is right for you, please see 'Investor Suitability' in the prospectus. Investing involves risks. Loss of principal is possible. The Funds face numerous market trading risks, including active markets risk, authorized participation concentration risk, buffered loss risk, cap change risk, capped upside return risk, correlation risk, liquidity risk, management risk, market maker risk, market risk, non-diversification risk, operation risk, options risk, trading issues risk, upside participation risk and valuation risk. For a detailed list of Fund risks see the prospectus. The Funds' investment objectives, risks, charges and expenses should be considered carefully before investing. The prospectus and summary prospectus contains this and other important information, and it may be obtained at Read it carefully before investing. Investing involves risk. Loss of principal is possible. Innovator ETFs® are distributed by Foreside Fund Services, LLC. The following marks: Accelerated ETFs®, Accelerated Plus ETF®, Accelerated Return ETFs®, Barrier ETF®, Buffer ETF™, Defined Income ETF™, Defined Outcome Bond ETF®, Defined Outcome ETFs™, Defined Protection ETF®, Define Your Future®, Enhanced ETF™, Floor ETF®, Innovator ETFs®, Leading the Defined Outcome ETF Revolution™, Managed Buffer ETFs®, Managed Outcome ETFs®, Step-Up™, Step-Up ETFs®, 100% Buffer ETFs™ and all related names, logos, product and service names, designs, and slogans are the trademarks of Innovator Capital Management, LLC, its affiliates or licensors. Use of these terms is strictly prohibited without proper written authorization. Copyright © 2025 Innovator Capital Management, LLC. All rights reserved. | 800.208.5212Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Yahoo
16-05-2025
- Business
- Yahoo
New Innovator Buffer ETF Offers 100% Downside Protection
Innovator Capital Management is expanding its footprint in the buffer ETF space with the Innovator Equity Managed 100 Buffer ETF (BFRZ), the firm announced Tuesday. The exchange-traded fund seeks to provide investors with 100% downside protection before fees and expenses via a one-year laddered options portfolio. Its strategy entails investing in the Solactive GBS United States 500 Index, which tracks the performance of the largest 500 companies in the U.S. stock market, then purchasing put option contracts with laddered expiration dates that are three months apart up to a year. BFRZ then sells short-dated call option contracts with expiration dates of around two weeks in an effort to fund the purchases of the put option contracts. It's actively managed by Parametric with an expense ratio of 0.89%. We've seen a surge in 'risk management' as investors pour money into money market funds, Graham Day, chief investment officer at Innovator, told But BFRZ 'is a better risk-off solution for advisors' for two reasons, he added. 'First, when you tie your upside to the equity markets, you have more upside potential than what bonds offer,' Day said. 'Second is the tax status.' He added that while investors may look at a money market fund and get 4% returns, that could actually just be 2.4% after taxes. 'For all of our 100 buffer ETFs, including BFRZ, we don't anticipate paying any capital gains distribution.' Investors that are putting money into vehicles like short-term and ultra-short-term bond funds and money market funds often think those vehicles don't come with a lot of risk, but that's not always the case, Day said. (He pointed to some of those funds that were down 5% to 7% in 2022 as an example). The goal of this new offering is to give investors a similar experience as the safety they feel with bond funds but with built-in protection and some of the equity upside exposure that the firm thinks will, over time, outperform bonds, Day said. '[The fund] gives them that same comfort of the downside protection in a more tax-advantaged nature.'Permalink | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
