Allianz Investment Management Debuts Second Buffered Outcome ETF
MINNEAPOLIS — Jan. 3, 2022 — Allianz Investment Management launched a new buffered outcome ETF with a six-month outcome period: the AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF.
Using FLEX Options, 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 SIXJ over a six-month outcome period. The initial 6-month outcome period goes from January 1, 2022 through June 30 2022, with subsequent 6-month outcome period from July 1 through December 31 or January 1 to June 30.
Ticker | Index Exposure | Buffer1 | Cap1 | Outcome Period Start Date | Outcome Period End Date |
SIXJ
AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF |
S&P 500 | 10% Gross / 9.63% Net | 5.30% Gross / 4.93% Net | January 1, 2022 | June 30, 2022 |
“Investors are facing a significant level of uncertainty to start the year as a result of COVID-19 variants, inflation and other risks,” said Johan Grahn, Vice President and Head of ETFs at AllianzIM. “Amid record-low interest rates and volatile equity markets, SIXJ offers investors another option to help mitigate risk in their portfolios.”
MINNEAPOLIS — Jan. 3, 2022 — 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 Jan/Jul ETF (NYSE: SIXJ).
Using FLEX Options, 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 SIXJ over a six-month outcome period. The initial 6-month outcome period goes from January 1, 2022 through June 30 2022, with subsequent 6-month outcome period from July 1 through December 31 or January 1 to June 30.
Ticker | Index Exposure | Buffer1 | Cap1 | Outcome Period Start Date | Outcome Period End Date |
SIXJ
AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF |
S&P 500 | 10% Gross / 9.63% Net | 5.30% Gross / 4.93% Net | January 1, 2022 | June 30, 2022 |
“Investors are facing a significant level of uncertainty to start the year as a result of COVID-19 variants, inflation and other risks,” said Johan Grahn, Vice President and Head of ETFs at AllianzIM. “Amid record-low interest rates and volatile equity markets, SIXJ offers investors another option to help mitigate risk in their portfolios.”
With an expense ratio of 0.74%, SIXJ is one of the lowest-cost buffered outcome ETFs on the market. With two outcome periods per year, SIXJ resets the cap and the buffer every 6 months and the ETF may serve as an alternative to short-term, low-yielding investment options and provide tactical applications within an investment portfolio.
AllianzIM debuted its six-month outcome period Buffered Outcome ETFs in October 2021 with the launch of the AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF (NYSE: SIXO). SIXJ and SIXO are the latest evolution in AllianzIM’s suite of buffered outcome ETFs. Between the two ETFs, investors can now benefit from defined outcome periods with an opportunity to invest in such a way that caps and buffers reset every three months.
Additionally, the AllianzIM U.S. Large Cap Buffer10 Jan ETF (NYSE: AZAJ) and the AllianzIM U.S. Large Cap Buffer20 Jan ETF (NYSE: AZBJ) 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 |
AZAJ
AllianzIM U.S. Large Cap Buffer10 Jan ETF |
S&P 500 | 10% Gross / 9.26% Net | 12.00% Gross / 11.26% Net | January 1, 2022 | December 31, 2022 |
AZBJ
AllianzIM U.S. Large Cap Buffer20 Jan ETF |
S&P 500 | 20% Gross / 19.26% Net | 6.70% Gross / 5.96% Net | January 1, 2022 | December 31, 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 Buffered Outcome ETFs complement Allianz Life’s suite of annuity and life insurance products.
“Risk mitigation is AllianzIM’s bread and butter,” said Brian Muench, President, AllianzIM. “We look forward to leveraging our evolving product lineup to enhance the risk management landscape in 2022 as investors continue to grapple with unforeseen risks in the marketplace.”
For more information on the AllianzIM Buffered Outcome ETF suite, please visit www.allianzIM.com.
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