Wall Street Crams More Autocallables Into ETFs in Race for Yield

Move over, buffer funds. Forget those income-enhanced strategies. Leverage? Who needs it. Wall Street has found another derivatives-powered bet to stuff inside an ETF: The single-stock autocallable.

That’s the latest gambit from independent issuer GraniteShares, which filed for more than 30 such products last week. The move is a fresh escalation of a recent trend of making complex investments easily available to any investor, and part of a race to offer exchange-traded funds with ever-higher yields.