NYSE Launches Two Trust Horizon Managed Volatility ETFs
Posted: Wed Aug 24, 2016 4:20 pm
First Trust Advisors today launched two new exchange-traded funds (ETFs) on the NYSE Arca exchange, seeking to provide capital appreciation while attempting to mitigate volatility using a proprietary quantitative and rules-based investment process. The New York Stock Exchange (NYSE) said the listing of the two new ETFs marks the first time an issuer has utilized the new streamlined generic listing rules approved last month.
Launched today, the First Trust Horizon Managed Volatility Domestic ETF (HUSV) and First Trust Horizon Managed Volatility Developed International ETF (HDMV) are two actively managed funds that invest primarily in common stocks that the funds’ sub-advisor, Horizon ... (read more)