A small group of exchange-traded funds that purport to offer built-in protection against losses—but cap gains at a fixed level as well—has surged in popularity during this year’s stretch of heightened volatility. “Buffer” ETFs, which seek to protect investors against a set percentage of losses over a fixed period, have taken in about $1.9 billion so far this year, FactSet data show. That is more than the $1.49 billion they added in all of last year.

Source: Wall Street Journal May 05, 2020 15:56 UTC