First Trust, the sixth-largest U.S. issuer of exchange trade funds, plans to further expand its lineup with the introduction of up to three new ETFs this week.
All of the new First Trust ETFs could debut on Wednesday Nov. 5, including the international complement to the popular First Trust US IPO Index Fund (NYSEArca: FPX). The First Trust International IPO ETF will trade on the NASDAQ under the ticker “FPXI.” FPXI was scheduled to launch last month. [New ETFs Coming From First Trust]
FPXI has a competitor in the form of the Renaissance International IPO ETF (NYSEArca: IPOS), which debuted last month.
Illinois-based First Trust could also introduce the First Trust Emerging Markets Local Currency Bond ETF (NasdaqGM: FEMB) and the First Trust Low Duration Mortgage Opportunities ETF (NasdaqGM: LMBS) on Wednesday.
Both of those ETFs will join First Trust’s growing stable of actively managed ETFs. The firm currenty sponsors 12 actively managed ETFs, including successful products such as the $196 million First Trust Senior Loan ETF (NasdaqGS: FTSL), the $505.8 million First Trust Enhanced Short Maturity Fund (NasdaqGS: FTSM) and the $941.5 million First Trust North American Energy Infrastructure Fund (NYSEArca: EMLP).