The First Trust Dorsey Wright Focus 5 ETF (FV) has raced past $2.4 billion in assets mark because investors are seeking a better way to allocate their holdings, said Ryan Issakainen, ETF Strategist for First Trust Advisors. The fund follows Dorsey, Wright & Associates relative strength ranking system and holds five First Trust sector and industry based ETFs. Issakainen said the fast-growing First Trust RBA American Industrial Renaissance ETF (AIRR) holds U.S.-based companies which benefit from low wage growth and a strong dollar. He said the First Trust Long/Short Equity ETF (FTLS) offers investors a hedged fund based on earnings quality. Finally, Issakainen said the First Trust Strategic Income ETF (FDIV) is an actively managed fund of funds and has been popular due to its diversified approach.
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