ETF suite expands risk mitigation strategies
for investors in 2022 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 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.
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 or six month period (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/20220103005221/en/
Caitlyn Foster Gregory FCA for AllianzIM 610-228-2056
allianz@gregoryfca.com
Jeff Faust Allianz Life (612) 670-8971 jeff.faust@allianzlife.com
AIM ETF Products (NYSE:SIXJ)
Historical Stock Chart
From Jun 2024 to Jul 2024
AIM ETF Products (NYSE:SIXJ)
Historical Stock Chart
From Jul 2023 to Jul 2024