First Trust Advisors L.P. introduced its second actively managed exchange traded fund in as many weeks this week with the debut of the First Trust Heitman Global Prime Real Estate ETF (NYSEArca: PRME).

The new ETF “will seek to provide access to U.S. and non-U.S. real estate securities consisting of shares of public companies with professional management teams that own top tier, prime properties in the world’s dominant cities while seeking long-term total return,” according to a statement issued by Illinois-based First Trust.

PRME represents a different spin on the traditional real estate ETFs investors have previously embraced.

“Global prime real estate assets are, by nature, few and in high demand. Historically, constructing a well-diversified portfolio of private prime real estate assets has been difficult to accomplish. But, research has shown that a concentration of investments in prime markets and prime assets in targeted “gateway” cities is obtainable in the publically listed market. Against this backdrop, First Trust believes a portfolio of select public real estate companies, when actively managed by a highly experienced portfolio management team, has the potential to act as a proxy for direct prime real estate investments while seeking to provide high risk-adjusted returns,” added the issuer.

Last week, First Trust introduced the First Trust SSI Strategic Convertible Securities ETF (NASDAQ: FCVT), the first actively managed convertible securities ETF listed in the U.S. It will look to deliver total return by investing in a diversified portfolio of securities that are inside and outside of the U.S.