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Bloomberg: Allianz Launches Two ETFs in Hotly Contested Market Niche
Allianz Investment Management is stepping into a growing corner of the $4 trillion ETF market with two funds that protect against stock losses. The AllianzIM U.S. Large Cap Buffer10 Apr ETF, or AZAA, and the AllianzIM U.S. Large Cap Buffer20 Apr ETF, or AZBA, begin trading Monday. The exchange-traded funds will seek to track S&P 500 Price Return Index up to a stated cap on gains, while shielding investors against the first 10% and then 20% of losses should the gauge drop.