ETF offers new entry point and potential for
enhanced risk mitigation amid market uncertainty
Allianz Investment Management LLC (AllianzIM), a wholly owned
subsidiary of Allianz Life Insurance Company of North America
(Allianz Life®), today launched a new buffered outcome ETF with a
six-month outcome period: the AllianzIM U.S. Large Cap 6 Month
Buffer10 Apr/Oct ETF (NYSE: SIXO).
AllianzIM’s new ETF seeks to match the returns of the S&P
500 Price Return Index up to a stated Cap, while providing downside
risk mitigation through a Buffer against the first 10% of S&P
500 Price Return Index losses for SIXO over a six-month outcome
period. SIXO seeks to meet its investment objective using flexible
exchange (FLEX) options.
Ticker
Index Exposure
Buffer1
Cap1
Outcome Period Start Date
Outcome Period End Date
SIXO
AllianzIM U.S. Large Cap 6 Month Buffer10
Apr/Oct ETF
S&P 500
10% Gross / 9.63% Net
6.00% Gross / 5.63% Net
October 1, 2021
March 31, 2022
“The buffered outcome ETF market has grown dramatically,
increasing from zero to almost $8 billion of assets in just three
years,” said Johan Grahn, Vice President and Head of ETF Strategy
at AllianzIM. “We’re excited to expand our lineup of Buffered
Outcome ETFs to meet the evolving risk management needs of
investors. SIXO is the latest addition to our Defined Outcome ETF
lineup, providing investors with an opportunity to participate in
the equity market up to a cap in an ETF that provides a 10% buffer
against losses and the potential for gains to be realized every six
months.”
SIXO debuts as one of the lowest-cost buffered outcome ETFs on
the market with an expense ratio of 0.74%. The ETF is designed to
create more opportunity for investors with two outcome periods per
year, as well as provide additional applications within an
investment portfolio. SIXO provides the potential for greater
downside mitigation with a 10% buffer over a shorter period and can
serve as a potential alternative to short-term, low-yielding
investment vehicles.
The six-month outcome ETF joins the existing suite of AllianzIM
Buffered Outcome ETFs with a 10% and 20% buffer, which offer a
one-year outcome period. The AllianzIM U.S. Large Cap Buffer10 Oct
ETF (NYSE: AZAO) and the AllianzIM U.S. Large Cap Buffer20 Oct ETF
(NYSE: AZBO) today begin a new one-year outcome period with new
upside caps.
Ticker
Index Exposure
Buffer1
Cap1
Outcome Period Start Date
Outcome Period End Date
AZAO
AllianzIM U.S. Large Cap Buffer10 Oct
ETF
S&P 500
10% Gross / 9.26% Net
12.75% Gross / 12.01% Net
October 1, 2021
September 30, 2022
AZBO
AllianzIM U.S. Large Cap Buffer20 Oct
ETF
S&P 500
20% Gross / 19.26% Net
6.80% Gross / 6.06% Net
October 1, 2021
September 30, 2022
The AllianzIM Buffered Outcome ETFs seek to leverage AllianzIM’s
core strengths, which include risk management experience and
in-house hedging capabilities. As part of one of the largest asset
management and diversified insurance companies in the world,
AllianzIM, with AUM of $16.4 billion, is powered by the same
proprietary in-house hedging platform that is used among affiliates
to help manage more than $145 billion in hedged assets for
institutional and retail investors around the globe. Offering a new
way to help investors seek to mitigate risk and reduce volatility,
these new ETFs complement Allianz Life’s suite of annuity and life
insurance products.
“We’re focused on expanding our defined outcome product suite to
help investment professionals and their clients navigate today’s
historically low interest-rate environment and market uncertainty,”
said Brian Muench, President, AllianzIM. “The launch of the new
AllianzIM Buffered Outcome ETF with a six-month outcome period is
the latest evolution in this process. We look forward to continuing
to work closely with investment professionals to remain on the
cutting edge of risk mitigation.”
For more information on the AllianzIM Buffered Outcome ETF
suite, please visit www.allianzIM.com.
1 Gross reflects the Cap and Buffer prior to taking into account
the 0.74% expense ratio of the ETF, while Net accounts for the
expense ratio over the stated outcome period, but does not include
brokerage commissions, trading fees, taxes and non-routine or
extraordinary expenses. The Cap and Buffer experienced by investors
may be different than the stated numbers. The funds’ website,
www.allianzIM.com, provides important fund information as well as
information relating to the potential outcomes of an investment in
the fund on a daily basis.
Investing involves risk, including possible loss of principal.
There is no guarantee the funds will achieve their investment
objectives and may not be suitable for all investors.
Investors may lose their entire investment, regardless of when
they purchase shares, and even if they hold shares for an entire
Outcome Period. Full extent of Caps and Buffers only apply if held
for stated Outcome Period and are not guaranteed. The Cap may
increase or decrease and may vary significantly.
Investors should consider the investment objectives, risks,
charges and expenses carefully before investing. For a prospectus
with this and other information about the Fund, please visit
www.allianzim.com or call 877.429.3837. Read the prospectus
carefully before investing.
The Funds seek to deliver returns that match, at the end of a
specified one-year period or six-month (outcome period) the returns
of the S&P 500 Price Index up to a predetermined Cap, while
limiting downside losses by the amount of a specified Buffer,
before fees and expenses. There is no guarantee the funds will
achieve their investment objectives. You may lose your entire
investment, regardless of when you purchase shares, and even if you
hold shares for an entire Outcome Period. The Fund may not be
suitable for all investors.
The “S&P 500 Price Return Index” (“Index”) is a product of
S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and
Standard & Poor’s Financial Services LLC (“S&P”), and has
been licensed for use by Allianz Investment Management LLC
(“AllianzIM”). Standard & Poor’s®, S&P®, and S&P 500®
are registered trademarks of S&P; Dow Jones® is a registered
trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and
these trademarks have been licensed for use by SPDJI and
sublicensed for certain purposes by AllianzIM. The funds noted
above are not sponsored, endorsed, sold or promoted by SPDJI, Dow
Jones, S&P, or their respective affiliates, and none of such
parties make any representation regarding the advisability of
investing in such product(s) nor do they have any liability for any
errors, omissions, or interruptions of the Index.
Distributed by Foreside Fund Services, LLC.
About Allianz Investment Management LLC
AllianzIM, a wholly owned subsidiary of Allianz Life Insurance
Company of North America, is a registered investment adviser.
AllianzIM provides hedging and other derivatives-based risk
management solutions through its proprietary platform.
About Allianz Life Insurance Company of North America
Allianz Life Insurance Company of North America, one of the
FORTUNE 100 Best Companies to Work For® and one of the Ethisphere
World’s Most Ethical Companies®, has been keeping its promises
since 1896 by helping Americans achieve their retirement income and
protection goals with a variety of annuity and life insurance
products. In 2020, Allianz Life provided additional value to its
policyholders via distributions of more than $10.1 billion. As a
leading provider of fixed index annuities, Allianz Life is part of
Allianz SE, a global leader in the financial services industry with
approximately 150,000 employees in more than 70 countries. Allianz
Life is a proud sponsor of Allianz Field® in St. Paul, Minnesota,
home of Major League Soccer’s Minnesota United.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211001005192/en/
For more information: Caitlyn Foster Gregory FCA for
AllianzIM 610-228-2056 allianz@gregoryfca.com Jeff Faust Allianz Life
(612) 670-8971 jeff.faust@allianzlife.com
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