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First Trust Rolls Out Managed-Futures ETF

WisdomTree brings to market an emerging-markets dividend growth ETF, VelocityShares unveils a risk-weighted ETF holding large-cap U.S. stocks, KraneShares launches an ETF holding publicly traded Chinese Internet companies, and LocalShares debuts its Nashville ETF. Plus, Fidelity expands its ETF plans, and Exchange Traded Concepts drafts an actively managed tactical ETF that would be managed by a onetime U.S. Senate candidate.

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On Friday, Aug. 2, First Trust rolled out an actively managed exchange-traded fund that holds managed futures.

First Trust Morningstar Managed Futures Strategy Fund (FMF) follows a managed-futures strategy by investing in a Cayman Islands-based subsidiary. The subsidiary invests in a portfolio of exchange-listed commodity futures, currency futures, and equity index futures and can follow a long, short, or flat futures strategy. The ETF uses the Morningstar Diversified Futures Index as a benchmark only, and targets exceeding the performance of that index. That benchmark seeks to reflect current trends in either direction in the commodity futures, currency futures, and financial futures markets. (Morningstar receives licensing fees from First Trust for its use of its index.)

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Robert Goldsborough does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.