FDIV is the fifth actively managed ETF launched by First Trust this year and ninth new ETF overall from the issuer.
“Finding ways to generate income for clients, while discerning the proper balance between income and risk, is one of the toughest challenges facing financial advisors today,” said Ryan Issakainen, CFA, Senior Vice President, Exchange-Traded Fund Strategist at First Trust, in the statement. “This ETF may provide an alternative to traditional fixed-income funds, investing in a diversified group of income-producing fixed-income and equity asset classes, each actively-managed by a talented team of specialized asset managers.”
Other multi-asset ETFs from First Trust include the irst Trust NASDAQ Multi-Asset Diversified Income Index Fund (NasdaqGM: MDIV) and the First Trust International Multi-Asset Diversified Income Fund (NasdaqGM: YDIV)
ETF Trends editorial team contributed to this post.