First Trust is set to launch two actively managed ETFs, Index Universe reports. The First Trust Inflation Managed Fund will invest in inflation-related stocks of companies in the energy and materials sector. It will also hold ETFs and closed-end funds that hold commodities, such as precious metals, inflation-linked government bonds and floating-rate securities.
The First Trust Senior Loan Fund will invest nearly 20% of its net assets in fixed-rate bonds and 10% in non-U.S. securities that are traded over-the-counter or listed on an exchange. It may also invest in ETFs.
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