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First Trust Plans Active 130/30 High-Yield ETF
October 19, 2012 at 07:00 AM EDT
Major indexes continued their march higher this week as corporate earnings and upbeat economic reports welcomed back the bulls on Wall Street. Better-than-expected retail sales and robust housing starts data earlier in the week helped to restore investors’ confidence in the recovery, although a few misses from big names like Intel and IBM kept a lid on optimism levels. Amid the improving landscape, Vanguard rolled out a short-term TIPS ETF, while UBS debuted a leveraged mortgage REIT ETN with a tantalizing 24% yield [see Monthly Dividend ETFdb Portfolio]. Illinois-based First Trust laid out the groundwork for what looks to be a one-of-a-kind active “junk bond” ETF [see also Inside The Peritus High Yield ETF]: First Trust High Yield Long/Short ETF: The SEC filing states that the fund’s primary objective is to provide current income, with a secondary goal of capital appreciation. This ETF will look to manage a portfolio consisting of debt securities rated below [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
Major indexes continued their march higher this week as corporate earnings and upbeat economic reports welcomed back the bulls on Wall Street. Better-than-expected retail sales and robust housing starts data earlier in the week helped to restore investors’ confidence in the recovery, although a few misses from big names like Intel and IBM kept a lid on optimism levels. Amid the improving landscape, Vanguard rolled out a short-term TIPS ETF, while UBS debuted a leveraged mortgage REIT ETN with a tantalizing 24% yield [see Monthly Dividend ETFdb Portfolio]. Illinois-based First Trust laid out the groundwork for what looks to be a one-of-a-kind active “junk bond” ETF [see also Inside The Peritus High Yield ETF]: First Trust High Yield Long/Short ETF: The SEC filing states that the fund’s primary objective is to provide current income, with a secondary goal of capital appreciation. This ETF will look to manage a portfolio consisting of debt securities rated below [...]
