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."
The PowerShares S&P 500 High Quality Portfolio (Fund) is based on the S&P 500® High Quality Rankings Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to provide exposure to the constituents of the S&P 500 Index that are identified as stocks reflecting long-term growth and stability of a company's earnings and dividends.
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