New Safety Trade Burnishes $68 Billion Buffer Fund Boom (1)

In an era where geopolitical shocks and tariff news push US stocks around by the hour, investors can be forgiven for remaining on the sidelines, though such a decision has been costly given the equity rebound this year. Now an $80 billion fund manager is introducing a new strategy for those looking to play defense while staying in the game.

The new suite of so-called buffer funds, managed by ProShares and launching on Thursday, aims to protect holders against modest losses in the equity market while still offering a measure of upside. The funds’ risk levels reset with every trading ...