Products that replicate structured note payoffs in the ETF wrapper are growing in popularity and have even launched in Europe.
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The company’s third autocallable ETF has a “memory” feature for notes that don’t pay out in years with down markets.
The companion fund to the Dan Ives Wedbush AI Revolution ETF is focused on income and adds to the nascent autocallable category.
The fund enters into swap agreements with J.P. Morgan and tracks an index from MerQube.