First Trust will launch its Dorsey Wright strategy ETF tomorrow

|About: First Trust Dorsey Wrig... (FV)|By:, SA News Editor

First Trust will be growing its product base on March 6th with the launch of the Dorsey Wright Focus 5 ETF (FV).

The fund is based on the Dorsey Wright systematic momentum strategy for sector rotation and will invest in ETFs in the index.

"This is a strategy that Dorsey Wright created and has maintained for years," said Tom Dorsey, President & CEO of Dorsey, Wright & Associates; "I personally use the strategy in my portfolio as an important piece of the core."

Other momentum and sector rotation ETFs: CAPE, SPHQ, HUSE, GSAX, GSGO, GSMA