UConn’s Endowment Abandons Hedge Funds for New Kind of ETF

What You Need To Know

• The increasingly popular exchange-traded funds, which use options to protect against losses while capping upside gains.
• Market watchers say it’s a sign of growing institutional adoption of the nascent fund strategy, one that could help the ETF industry.
• UConn’s endowment returned 12.1% in the most recent fiscal year ended June 30, compared to a 13.5% gain for the Innovator U.S. Equity Power Buffer ETF.