First Trust, the seventh-largest U.S. issuer of exchange traded funds, on Wednesday launched the First Trust RiverFront Dynamic Emerging Markets ETF (NasdaqGS: RFEM). The actively managed ETF is based on RiverFront’s proprietary quantitative and qualitative methodology.
Illinois-based First Trust partner on several other ETFs, including the First Trust RiverFront Dynamic Europe ETF (NasdaqGS: RFEU), the First Trust RiverFront Dynamic Asia Pacific ETF (NasdaqGS: RFAP) and the First Trust RiverFront Dynamic Developed International ETF (NasdaqGS: RFDI).
Related: First Trust Launches Currency Hedged 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.