MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, October 19, 2012 First Trust ETF Goes for Junk First Trust [profile] files paperwork for a one-of-a-kind active junk bond ETF, reports ETFdb. The First Trust High Yield Long/Short ETF targets to give current income, and its second target is capital appreciation. According to the papers filed by the Illinois-based manager, 10 percent of the assets of this ETF will be invested in non-US dollar securities. It would also employ the 13030 strategy, maintaining "can maintain up to 130% of its assets in long positions by using proceeds from up to a total of 30% in short positions," according to the report. Printed from: MFWire.com/story.asp?s=41716 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |