FT Vest Gold Strategy Quarterly Buffer ETF (BGLD)

BGLD is an exchange-traded fund (ETF) managed by First Trust Advisors. The ETF seeks to provide investors with exposure to the price of gold while providing a level of downside protection through a buffer strategy.

The ETF uses a structured investment strategy that seeks to protect against the first 10% of losses in the price of gold while still allowing for potential gains up to a cap. This means that if the price of gold falls up to 10%, the ETF should absorb the losses and protect the investor's capital. However, if the price of gold falls more than 10%, the ETF will experience losses, but those losses will be limited to the buffer amount.

The ETF's buffer strategy has helped to limit losses during market downturns, which may make it a suitable option for investors seeking some downside protection while still participating in potential gains in the price of gold.