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First Trust to launch First Trust RiverFront Dynamic International ETFs


First Trust Advisors has aunched three new exchange-traded funds “ETFs) – the First Trust RiverFront Dynamic Europe ETF (RFEU), the First Trust RiverFront Dynamic Asia Pacific ETF (RFAP), and the First Trust RiverFront Dynamic Developed International ETF (RFDI). 

The Funds will seek to provide capital appreciation through exposure to global economies and the opportunities they represent. The ETFs are actively managed by RiverFront Investment Group, LLC (“RiverFront”) using their proprietary methodology, which employs a quantitative and qualitative ranking system based on factors that include value, quality and momentum. This is combined with RiverFront’s optimisation process and detailed analysis. Currency hedging and risk management are also integral parts of the active management of these ETFs.

Michael Jones, Chairman and Chief Investment Officer of RiverFront and a member of the Funds’ portfolio management team, says: “We believe that active management is essential in today’s fast-moving markets. These ETFs are unique to the marketplace in that they offer active management of the underlying equity portfolio and a dynamic approach to currency hedging, all within the structure of an ETF.”

Recent market volatility has provided “an opportune time to launch these ETFs,” says Chris Konstantinos, RiverFront’s Director of International Portfolio Management and a member of the Funds’ portfolio management team. “We believe stocks across the developed world have pulled back to attractive valuations and that investors have underestimated the positive impact that lower oil prices and continued aggressive monetary policy will have on developed international economies.”

“We believe financial advisors are seeking actively managed ETF portfolios that make greater use of the inherent tax advantages of the ETF structure and traditionally lower cost relative to actively managed mutual funds,” says Jones. “RiverFront is especially proud to be collaborating with First Trust on these innovative investment solutions.”

“Navigating today’s complex and ever-evolving global economy is no easy task. We believe this group of ETFs provides an efficient set of tools for financial advisors to use when allocating to developed international equity markets, aided by RiverFront’s insight and expertise of security selection, asset allocation, and dynamic currency hedging,” says Ryan Issakainen, CFA, Senior Vice President, ETF Strategist at First Trust.

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