Principal Financial Group, the financial behemoth with $500 billion in assets under management and better known for its range of 401(k) retirement plans, insurance products and mutual funds, recently forayed into the exchange traded funds segment. The newly launched Principal EDGE Active Income ETF (YLD) is sub-advised by Principal’s EDGE Asset Management unit and seeks to provide current income by …
New ETFs On The Block: First Trust Strategic Income ETF (FDIV)
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 …
New ETFs On The Block: First Trust Multi-Asset Diversified Income Index Fund (YDIV)
First Trust, the Wheaton, Illinois-based provider of exchange-traded products known for its niche strategies, has launched a non US-focused ETF that seeks to provide income sans volatility through a diverse international portfolio of high yielding securities. The First Trust International Multi-Asset Diversified Income index Fund (YDIV) is the international version of the First Trust Multi-Asset Diversified Income Index Fund (MDIV) …