FT Portfolios Canada (First Trust Canada) has launched the common and advisor class of units of the First Trust Global Risk Managed Income Index ETF.
The First Trust ETF seeks to replicate, to the extent possible, the performance of the Nasdaq Global Risk Managed Income Index, net of expenses.
The investment strategy of the First Trust ETF is to invest in and hold constituent securities of the Index in the same proportion as they are reflected in the index or securities intended to replicate the performance of the index. The index seeks to provide a risk managed, global income portfolio which generates a high yield for the risk taken and consists of liquid income-bearing exchange traded funds (ETFs) and other exchange-traded products across various asset classes.
"We are pleased to partner with Nasdaq OMX and Newfound Research on a strategy which we believe provides a compelling income solution for Canadian investors," says Fraser Howell, chief executive officer of FT Portfolios Canada. "In the current low yield environment where many investors and advisors actively hunt for the dual goals of income generation and risk mitigation, we feel our new First Trust ETF may provide the flexibility to potentially achieve both objectives."
"Nasdaq’s suite of income indexes have long been standard benchmarks and we are proud First Trust has launched a product on one of the most innovative income indexes in the market. Nasdaq's partnership with Newfound has resulted in an expansion of income investing from the traditional to the technical,” says Dave Gedeon from Nasdaq.
