Frustrated With Your Bond Hedge? How About a Buffer ETF?

Wall Street is pitching bond alternatives as traditional hedges disappoint
Bruce Bond of Innovator Capital Management, center, rings the opening bell on the floor of the New York Stock Exchange (NYSE) in New York in 2018.Photographer: Michael Nagle/Bloomberg
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Welcome to ETF IQ, a weekly newsletter dedicated to the $19 trillion global ETF industry. I’m Bloomberg News reporter and anchor Katie Greifeld.

Bonds keep failing at one of their key jobs — cushioning stock losses. Wall Street has noticed, and it’s pushing an alternative: an $80 billion category of equity funds designed to provide the downside protection Treasuries may no longer reliably deliver.