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The New ETF That Protects Against All Market Losses

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  • (1:30) - The Innovator Equity Defined Protection ETF: TJUL
  • (6:40) - What Are The Risks And What Do Investors Give Up In Return For The Downside Protection?
  • (9:30) - Breaking Down The Market For Protection Products: What Are The Advantages To Owning TJUL?
  • (14:20) - How Does TJUL Fit Into Your Portfolio Right Now?
  • (18:20) - What Can Investors Expect From The Growing ETF Industry?
  •                 Poddcast@Zacks.com

 

In this episode of ETF Spotlight, I speak with Bruce Bond, co-founder, and CEO of Innovator Capital Management, about the world’s first ETF that offers 100% downside protection.

Defined-outcome ETFs, which allow investors to participate in the market's upside up to a cap while limiting losses if the market falls, are one of the fastest-growing segments of the ETF market. They continue to see record inflows amid market turbulence.

Last month, Innovator Capital Management, which pioneered buffer ETFs, launched a new fund, the Innovator Equity Defined Protection ETF (TJUL - Free Report) , that seeks to track the return of the SPDR S&P 500 ETF Trust (SPY - Free Report) , up to a cap of 16.6%, while buffering investors against 100% of losses over the outcome period of two years.

Like other buffer ETFs, this product also invests in a basket of FLEX options with varying strike prices. Investors forgo dividend income and pay an expense ratio of 0.79%.

Some products, such as fixed indexed annuities and market-linked CDs, protect against any downside but come with much higher fees, carry high investment minimums, long lockup periods, and unfavorable tax treatment. ETFs like TJUL are a much better option for investors.

Investors should remember that stocks tend to go up over the long term, and they should generally ignore short-term noise. By seeking downside protection, investors forgo any potential upside beyond the cap.

Since its inception in January 1993, SPY has returned a little over 10% annualized. The Nasdaq 100 ETF (QQQ - Free Report) has produced almost 19% average annual return over the past 10 years.

At the same time, many risk-averse investors, particularly those in or nearing retirement, have been reluctant to buy stocks after last year’s brutal performance. There’s a tremendous amount of cash sitting on the sidelines. Such investors should look at TJUL and other defined outcome ETFs.

Tune in to the podcast to learn more.

Make sure to be on the lookout for the next edition of the ETF Spotlight and remember to subscribe! If you have any comments or questions, please email podcast@zacks.com.


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Invesco QQQ (QQQ) - free report >>

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Innovator Equity Defined Protection ETF - 2 Yr to July 2025 (TJUL) - free report >>

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