First Trust will launch the Strategic Income ETF tomorrow

|About: First Trust Strategic I... (FDIV)|By:, SA News Editor

The First Trust Strategic Income ETF (Pending:FDIV) is an actively managed, multi-manager fund that will seek risk adjusted income and capital appreciation for its investors.

First Trust Global Portfolios Ltd; Energy Income Partners, LLC; Stonebridge Advisors LLC; and Richard Bernstein Advisors are the four subadvisors that will together manage FDIV.

According to the prospectus, the fund will include high-yield corporate bonds and senior floating-rate loans; mortgage-related investments; preferred securities; international sovereign bonds; energy infrastructure equities; and high-dividend equity securities.

Other broad hedge fund replication ETFs: QAI, MCRO, HDG, QEH, MULT