FT Portfolios Canada Co has launched of the First Trust International Capital Strength ETF (FINT).
The new ETF seeks to provide unitholders with long term capital appreciation by investing primarily in equity securities of developed market companies, excluding the US and Canada, that are traded on global exchanges, with a focus on fundamental strength and growth. Currently, the First Trust International Capital Strength ETF seeks to achieve its investment objective by investing in securities of developed market companies, excluding the U.S. and Canada. Securities invested in by the First Trust International Capital Strength ETF include common shares of public companies and American Depository Receipts, Global Depository Receipts and European Depository Receipts that are traded on global exchanges or markets.
“We believe financial advisors are seeking concentrated actively managed ETF portfolios that make greater use of the inherent cost advantages of the ETF structure relative to actively managed mutual funds,” says Karl Cheong, CFA, Head of Distribution at First Trust Canada. “We believe this actively managed ETF provides an efficient tool for financial advisors to use when allocating to developed international equity markets, aided by First Trust Advisors’ insight and expertise in security selection and portfolio management.”
