The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A $196B-AUMS Firm Adds an Inflation Sensitive Fund Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, March 15, 2023

A $196B-AUMS Firm Adds an Inflation Sensitive Fund

Reported by Neil Anderson, Managing Editor

The team at a $196-billion-AUMS (as of February 28) asset manager is rolling out an inflation sensitive index fund.

Ryan O. Issakainen
First Trust Portfolios L.P.
Senior Vice President, ETF Strategist
Yesterday, Ryan Issakainen, senior vice president and ETF strategist at First Trust Advisors L.P. [profile], revealed the launch of the First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF on the NYSE Arca). The new fund is a series of First Trust Exchange-Traded Fund.

FTIF's inception date was Monday, and as of yesterday it had about $991,000 in AUM. The new fund comes with an expense ratio of 60 basis points.

FTIF is designed to track the Bloomberg Inflation Sensitive Equity Index. First Trust serves as the new fund's investment advisor and fund reporting agent, Bloomberg Index Services Limited serves as index provider, and First Trust Portfolios L.P. serves as distributor.

FTIF is PMed by a seven-person investment committee: Jon Erickson, senior vice president; Daniel Lindquist, managing director and chairman of the committee; David McGarel, chief investment officer, chief operating officer, and managing director; Chris Peterson, SVP; Erik Russo, VP; Roger Testin, SVP; and Stan Ueland, SVP.

Issakainen puts the launch of FTIF in the context of the current market environment.

"High inflation is one of the most important challenges that investors are facing in 2023," Issakainen states. "High quality stocks from sectors that have historically benefitted from rising prices may help investors navigate this environment."

Dave Gedeon, head of index product at Bloomberg Index Services Limited, puts the launch of FTIF in the context of Bloomberg's focus "on building indices seeking to solve modern day investment problems."

"Bloomberg is excited to work with First Trust on an index for an ETF which utilizes a factor approach to target companies which may be better positioned to weather the challenge of persistent inflationary pressures," Gedeon states.

FTIF's other service providers include: Bank of New York Mellon as administrator, custodian, fund accounting agent, and transfer agent; Chapman and Cutler LLP as counsel; and Deloitte & Touche LLP as independent accounting firm. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2023: Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

  1. Expect Miracles East Coast Classic, June 8
  2. MFDF webinar - SEC Staff Panel, Division of Examinations — IC Issues and Considerations For Fund Boards, June 8
  3. WE DC - ESG Panel Discussion, June 13
  4. 2023 MMI Alternative Investments Forum, June 13
  5. Nicsa Fearless Leadership Symposium, June 14
  6. MFDF Director Discussion Series - Open Forum (Denver), June 20
  7. The Ben Graham 10th Annual Conference, Jun 20-21
  8. IDC Industry Segment Call - Governance Committee Chairs, June 21
  9. Crane Data's Money Fund Symposium, Jun 21-23
  10. 2023 MMI Distribution Leadership Forum, Jun 22-23
  11. IDC Industry Segment Call - Board Leaders, June 22
  12. MFDF webinar - Closed-End Fund Litigation Overview and Update, June 27
  13. MFDF Director Discussion Series - Open Forum (Atlanta, GA), June 28
  14. MFDF Director Discussion Series - Open Forum (Kansas City), June 30
  15. MFDF Director Discussion Series - Open Forum (New York), July 18
  16. 2023 MMI Leadership Pathway Seminar, Jul 19-20
  17. MFDF webinar - Generative AI — It's Here, July 20
  18. MFDF Director Discussion Series - Open Forum via Zoom, July 27
  19. MFDF Director Discussion Series - Open Forum (Milwaukee, WI), August 8
  20. MFDF Improving Equity Fund Alpha Estimates, September 13
  21. 4th Annual ETFGI Global ETFs Insights Summit - United States, Sep 20-21
  22. MFDF webinar - Introduction to Retail Private Markets Funds: Structures to Access Private Equity, Private Credit, Infrastructure and Real Estate Investments, September 27
  23. Expect Miracles Atlanta Coast Classic, October 2
  24. 2023 MMI Annual Conference, Oct 11-13
  25. Expect Miracles In Boston, November 2

©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use