First Trust portfolios, the Il-based sixth-largest issuer of exchange-traded funds, launched a new actively-managed product that aims to generate risk-adjusted returns through positions in various asset classes. The newly launched First Trust Strategic Income ETF (FDIV) is sub-advised by six portfolio managers including Stonebridge, Richard Bernstein, Energy Income Partners and First Trust Global Portfolios. FDIV is a “multi-strategy” fund that …
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