US exchange-traded fund platform Innovator Capital Management has debuted the industry’s first ever defined outcome bond ETFs amid a historically low interest rate environment and sky-high bond prices.

The ETFs provide upside exposure to bonds with built-in downside buffer levels and are intended to exist as a definitive solution to the current complexity that is the interest rate reality. Underlyings include Cboe Flex Options on the iShares 20+ Year Treasury Bond ETF. Both the Innovator 20+ Year Treasury Bond 5 Floor & 9 Buffer ETFs seek to provide exposure to the performance of the underlying ETF to a cap. The 20+ Year Treasury Bond 5 Floor has a floor against downside losses in excess

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