New ETFs On The Block: First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC)

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Using the fund-of-funds investment strategy has proven quite successful for many US fund managers. First Trust Advisors, the Illinois-based seventh-largest issuer of exchange-traded funds, recently launched a dynamic version of its most popular sector-rotation ETF that can incorporate cash allocation during periods of heightened market volatility. The First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) employs the same methodology …