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- FNOV and DNOV performed in-line with objectives<\/b><\/li>\n
- First Trust\u2019s Buffer ETFs product line exceeds $1.5 billion in total net assets as of October 31, 2020<\/b><\/li>\n
- New upside caps announced<\/b><\/li>\n<\/ul>\n
WHEATON, Ill.–(BUSINESS WIRE<\/a>)–First Trust Advisors L.P.<\/a> (\u201cFirst Trust\u201d) a leading exchange-traded fund (\u201cETF\u201d) provider and asset manager, announced today the conclusion of the inaugural Target Outcome Period and has provided new upside caps for the reset of the FT Cboe Vest U.S. Equity Buffer ETF \u2013 November (Cboe: FNOV<\/a>) and the FT Cboe Vest U.S. Equity Deep Buffer ETF \u2013 November (Cboe: DNOV<\/a>) (collectively, the \u201cfunds\u201d or \u201cNovember Series\u201d). Each fund’s buffer will remain unchanged in the new Target Outcome Period.\n<\/p>\n
\nFirst Trust\u2019s Buffer ETFs are among the fastest growing in the Target Outcome\/defined outcome space, with over $1.5B in total net assets for the product line as of 10\/31\/2020. DNOV<\/a> is the fifth fastest growing ETF in 2020, behind DAUG<\/a>, which holds its spot at number one. DFEB<\/a> is the largest actively managed Buffer ETF, according to data from Morningstar as of 10\/31\/2020.\n<\/p>\n
\n\u201cThe November Series of Target Outcome ETFs\u00ae<\/sup><\/a> did just what they were designed to do during their initial outcome period,\u201d according to Ryan Issakainen, CFA, ETF Strategist at First Trust. \u201cBoth DNOV and FNOV reached their respective return caps, while providing notably less volatility than their reference asset, the SPDR\u00ae <\/sup>S&P 500\u00ae<\/sup> ETF Trust (\u201cSPY\u201d) based on standard deviation, which is a measure of daily price variation.\u201d\n<\/p>\n
Below is a recap of the outcome period values for the November Series of the Target Outcome ETFs\u00ae<\/sup><\/a>:<\/b><\/p>\n
- First Trust\u2019s Buffer ETFs product line exceeds $1.5 billion in total net assets as of October 31, 2020<\/b><\/li>\n
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