Padilla’s perspective has been shaped by more than three decades as a corporate risk leader, and in January 2026, he formally ...

One year ago, I wrote a research note on defined outcome strategies — which most commonly include buffer strategies. Defined outcome ETFs let investors stay in an investment while managing risk. One ...

Defined outcome ETFs use options to set a floor or 'buffer' to the downside by reducing potential upside, over a specified period, usually one or two years. We believe defined outcome strategies ...