For the week ended September 5, First Trust had nearly $1.7 billion in actively managed ETF assets, making it the fourth-largest issuer of such products.
Increased demand for actively managed ETFs and the potential for a more favorable regulatory environment could make actively managed ETFs a $500 billion asset class by 2020, according to a new report by SEI Investments. [Rapid Growth Seen for Actively Managed ETFs]
FTLS is the eleventh new ETF introduced by First Trust this year.
ETF Trends editorial team contributed to this post.