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.
[related_stories]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.
RFEM’s top 10 holdings include, Brazilian, Chinese, South Korean and Taiwanese stocks. The new ETF charges 0.95% per year, or $95 for every $10,000 invested.
First Trust has also filed plans with the Securities and Exchange Commission for the First Trust ZyFin India Quality and Governance ETF. First Trust currently issues 11 single-country ETFs, including several emerging markets options.
Related: First Trust Planning India ETF
This month, ALPS Portfolio Solutions has also introduced several ETFs based on RiverFront strategies.
For more information on new fund products, visit our new ETFs category.