First Trust launched three new currency hedged international exchange-traded funds on Thursday.
The trio – First Trust RiverFront Dynamic Europe ETF (Nasdaq: RFEU), First Trust RiverFront Dynamic Asia Pacific ETF (Nasdaq: RFAP), and First Trust RiverFront Dynamic Developed International ETF (Nasdaq: RFDI) – 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 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 optimization process and detailed analysis. Currency hedging and risk management are also integral parts of the active management of these ETFs.
RFAP has an investment objective is to provide capital appreciation. Under normal market conditions, it will seek to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in a portfolio of equity securities of Asian Pacific companies, including through investments in common stock, depositary receipts and real estate investment trusts, and forward foreign currency exchange contracts.
Meanwhile, RFDI has an investment objective is to provide capital appreciation. Under normal market conditions, it will seek to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in a portfolio of equity securities of developed market companies, including through investments in common stock, depositary receipts and real estate investment trusts, and forward foreign currency exchange contracts.