Seeking Alpha

First Trust will launch the Strategic Income ETF tomorrow

  • 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
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