First Trust Files For A Different Kind Of Hedged S&P 500 ETF

First Trust, the Chicagoland-based ETF issuer responsible for the AlphaDEX lineup of products as well as a variety of first-to-market sector products, appears to be dipping its toes into another corner of the ETF world with its latest filing. In the SEC release, the company laid out plans for a CBOE VIX Tail Hedge Index Fund which looks to face the stiff competition from the many products in the large cap blend Category. However, the fund does look to employ a unique methodology which could give it a leg up on its more entrenched competitors, possibly giving investors an interesting new way to play the space. Although expense ratio and ticker symbol information were not released, we have highlighted some of the key points from the filing below: The proposed fund seeks to invest in the S&P 500 Index, with dividends reinvested, as well as a component to hedge against volatile [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts