MAYM
FT Vest U.S. Equity Max Buffer ETF - May
📎 Investment Objective
The FT Vest U.S. Equity Max Buffer ETF - May (MAYM) seeks to provide investors with exposure to the U.S. equity market while aiming to limit downside risk during market downturns.
Overview
ETF tracking FT Vest U.S. Equity Max Buffer ETF - May
Performance
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Investment Summary
📎 Investment Objective
The FT Vest U.S. Equity Max Buffer ETF - May (MAYM) seeks to provide investors with exposure to the U.S. equity market while aiming to limit downside risk during market downturns.
🎯 Investment Strategy
MAYM is a buffer ETF that uses options strategies to provide a level of protection against losses in the underlying U.S. equity index. The fund aims to limit losses to a predetermined 'buffer' level, while allowing investors to participate in a portion of the upside market performance.
✨ Key Features
- Seeks to limit downside risk through the use of options-based strategies
- Provides exposure to the U.S. equity market with a pre-determined buffer against losses
- Resets the buffer level on a monthly basis, providing ongoing downside protection
- Expense ratio of 0.00%, making it a low-cost option for investors
⚠️ Primary Risks
- Market risk: The fund's performance is tied to the underlying U.S. equity market, and it may experience losses during market downturns
- Option-related risks: The use of options strategies introduces additional risks, such as counterparty risk and the potential for losses beyond the buffer level
- Liquidity risk: As a newer fund, MAYM may have lower trading volume and less liquidity than more established ETFs
- Reset risk: The monthly reset of the buffer level may result in changes to the level of downside protection provided
👤 Best For
MAYM may be suitable for investors seeking exposure to the U.S. equity market with a degree of downside protection, particularly those with a moderate risk tolerance and a medium-term investment horizon. The fund's options-based strategy may be complex, so it is important for investors to understand the risks and limitations before investing.