First Trust is planning to launch an actively managed energy infrastructure exchange-traded fund (ETF), focused on North American companies and partnerships, Index Universe reports. The ETF firm has also filed with the Securities and Exchange Commission for the same.

The First Trust North American Energy Infrastructure Fund will invest around 80% of its assets in securities, including common stocks, depositary receipts, master limited partnerships, MLP-related entities, pipeline and power utility companies. The ETF may also use derivatives, consisting of options or forward contracts and swaps to hedge against interest rate and market risks.

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