BlackRock, the world’s largest asset manager, has just launched an ETF that offers 100% downside protection to investors. The new ETF (MAXJ) will have its maximum gains capped at 10.6% while protecting against the downside for a duration of 12 months. At a time when interest rates are high, presidential elections around the corner and a lot of uncertainty with regards to the economy, the 100% downside hedge ETF provides investors a way to benefit from the market rally without any downside. Rachel Aguirre, the head of US iShares product at BlackRock had this to say about the new ETF: With recor…