With multi-strategy hedge funds proving a big draw for investors, exchange-traded fund provider and asset manager First Trust Advisors is looking to get in on the act with the launch of a new actively managed ETF, the First Trust Multi-Strategy Alternative ETF.
With multi-strategy hedge funds proving a big draw for investors, exchange-traded fund (ETF) provider and asset manager First Trust Advisors is looking to get in on the act with the launch of a new actively managed ETF, the First Trust Multi-Strategy Alternative ETF (LALT).
First Trust says the fund seeks to provide long-term total return by gaining exposure to alternative asset categories and strategies via exchange-traded products (ETPs) (including ETFs, exchange-traded notes (“ETNs”) and trusts backed by physical commodities or currencies).
LALT seeks to provide lower correlation and more diversified risk exposures over various market cycles as compared to traditional equity and fixed income benchmarks by employing a raft of hedge fund and other alternative investment strategies including, but not limited to: hedged equity; long-short; event driven; managed futures; commodities; real estate; opportunistic fixed income; relative value; currencies; and global macro.
