First Belief Portfolios Canada Declares Cap, Buffer and Dates of August Buffer ETF

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TORONTO, Aug. 16, 2024 (GLOBE NEWSWIRE) — FT Portfolios Canada Co. (“First Belief Canada”), introduced as we speak that the cap, buffer and dates for the subsequent Goal Consequence Interval for the First Belief Vest U.S. Fairness Buffer ETF – AUG (AUGB.F) (the “fund” or “August Buffer ETF”) are as follows:

The earlier Goal Consequence Interval for AUGB.F concluded on August 16, 2024 and the upside cap for the brand new Goal Consequence Interval has been reset to prevailing market circumstances.

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The fund seeks an end result that gives buyers with returns (earlier than charges, bills and taxes) that match the worth return of the SPDR^® S&P 500^® ETF Belief (“SPY” or “underlying ETF”), as much as a predetermined upside cap, whereas offering a buffer towards potential SPY losses. The fund is managed and sub-advised by Vest Monetary LLC (“Vest”) utilizing a “goal end result technique” or pre-determined goal funding end result.

If an investor purchases hedged items after the primary day of the Goal Consequence Interval, they’ll probably have a unique return potential than an investor who bought hedged items firstly of the Goal Consequence Interval and the buffer the fund seeks will not be accessible.

First Belief Canada believes a buffer towards a stage of losses will help buyers keep invested throughout risky instances. The fund provides a method to acquire entry to outcome-based investing—particularly to buffer towards a stage of draw back threat whereas permitting progress to a most cap— eliminating financial institution credit score threat, in a handy, versatile funding automobile.

Karan Sood and Howard Rubin, of Vest, function a portfolio managers for the fund. The portfolio managers are collectively and primarily chargeable for making funding administration selections for the fund.

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For additional data: Media Contact: Susan Johnson, FT Portfolios Canada Co., 40 King Avenue West, Suite 5102, E mail: susanjohnson@firsttrust.ca, 1-877-622-5552.

About First Belief

First Belief Canada is the trustee, supervisor and promoter of the fund. First Belief Canada and its associates First Belief Advisors L.P. (“FTA”), portfolio advisor to the fund, an Ontario Securities Fee registered portfolio supervisor and U.S. Securities and Alternate Fee registered funding advisor, and First Belief Portfolios L.P., a FINRA registered broker-dealer, are privately held firms that present quite a lot of funding companies. FTA has collective belongings below administration or supervision of roughly U.S.$235.63 billion as of July 31, 2024 by means of unit funding trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts. For extra data, go to www.firsttrust.ca.

About Vest:

Vest (previously, Cboe Vest) is the creator of Goal Consequence Investments^®, which try to buffer losses, amplify features or present constant earnings to a various spectrum of buyers. At the moment, Vest’s Goal Consequence Methods™ can be found in mutual funds, exchange-traded funds (ETFs), unit funding trusts (UITs), collective funding trusts (CITs), and customizable managed accounts / sub-advisory companies. For extra details about Vest and the evolution of Goal Consequence Investments, go to www.vestfin.com or contact Linda Werner at lwerner@vestfin.com or 703-864-5483.

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There could also be commissions, administration charges and bills related to ETF investments. ETFs should not assured, their values change continuously and previous efficiency will not be repeated. Please learn the prospectus of the fund earlier than investing. Contact FT Portfolios Canada at 1-877-622-5552 or go to www.firsttrust.ca to acquire a duplicate of the prospectus and ETF Information for the fund.

Necessary Info

The knowledge introduced is just not supposed to represent an funding suggestion for, or recommendation to, any particular particular person. Monetary advisors are chargeable for evaluating funding dangers independently and for exercising impartial judgment in figuring out whether or not investments are acceptable for his or her shoppers.

First Belief Advisors L.P. is the portfolio advisor to the fund. First Belief Advisors L.P. is an affiliate of FT Portfolios Canada Co., the trustee, supervisor and promoter of the fund.

Additional details about First Belief Canada’s ETFs could be discovered at www.firsttrust.ca.

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