VegaShares launched the US Equity Autocallable Conservative Income ETF (VAIC), designed to seek weekly income with reduced downside market risk.
The fund seeks exposure to a laddered portfolio of 52 synthetic autocallables with 60% coupon and maturity barriers and a 20% to 30% adaptive volatility target. Goldman Sachs is the current swap counterparty. ICE Data Indices supports the rules-based index, while Barnabas Capital serves as marketing and education partner. The fund’s “conservative” label describes its risk relative to other autocallable funds offered by VegaShares ETF Trust; investors can still lose money.
VegaShares (NYSE: VAIE) launched the VegaShares US Equity Autocallable Income ETF, targeting high weekly income with reduced downside risk via a laddered portfolio of synthetic autocallables.
The ETF features an Adaptive Vol mechanism, uses Goldman Sachs as swap counterparty, and is supported by ICE Data Indices and Barnabas Capital.