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First Trust Enhanced 130/30 Index ETN (JFT)

- NYSEARCA
JFT is defunct since October 9, 2013. Delisted
  • Oct. 1, 2013, 1:13 PM
    • JPMorgan is delisting three ETNs, but liquidating, i.e., returning cash to investors, just two of them - the Double Short U.S. 10-Year Treasury Futures ETN (DSXJ) and the Double Short U.S. Long Bond Treasury Futures ETN (DSTJ).
    • The KEYnotes First Trust Enhanced 130/30 Large Cap Index ETN (JFT), however, is not being redeemed, meaning investors will not get their money back. Instead the shares will be traded over-the-counter, so as poor as liquidity is now (the bid/ask spread is about $20 wide on a $42 security), it will get worse after the delisting. The delisting date is set for "on or about" October 9.
    | Oct. 1, 2013, 1:13 PM | Comment!
  • Feb. 8, 2013, 3:23 PM
    ProShares lowered fees yesterday on its Credit Suisse 130/30 ETF (CSM) to 0.45% from an earlier 0.95%. ProShares is the first to cut fees for ETFs in this class, where investors are looking to outperform large-cap indexes. The fund's also getting a truer name (ProShares Large Cap Core Plus), but no change to holdings and strategy. Competitors: JFT, HDG, ALFA, GURU
    | Feb. 8, 2013, 3:23 PM | Comment!
  • May 29, 2008, 4:05 PM
    ETFs go hedge-fund. JPMorgan and First Trust team up to launch the first 130/30 (130% long 30% short) ETF - First Trust Enhanced 130/30 Index (JFT).
    | May 29, 2008, 4:05 PM | Comment!
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JFT Description
These exchange traded notes are designed for investors who seek a return linked to the First Trust Enhanced 130/30 Large Cap Index (the "Index"). The Index is a total return index created and owned by First Trust Advisors L.P. (the "Index Provider").
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Country: United States
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