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Safeguarding against downside risks remains an evergreen strategy for investors this year, with ETFs that offer a "buffer" increasingly in demand.

Investors poured money into the funds, which protected against steep losses.

It may not feel like it, but it was just three years ago that the SEC adopted its new ETF rules, modernizing how the wrapper is regulated. The move had been a long time coming, taking the burgeoning ETF space to new heights.

German insurer Allianz adds ‘defined outcome funds' in U.S. as markets gyrate.
SEC filings for PNOV aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.