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First Trust Launches International Multi-Asset Diversified Income ETF

ProShares draws up plans for a passively managed interest-rate-hedged ETF that holds investment-grade corporate debt, while iShares files for permission to create 2 actively managed interest-rate-hedged corporate-bond ETFs.

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After its successful launch of a passively managed exchange-traded fund that holds a range of income-paying securities from the United States across a mix of asset classes, First Trust on Friday rolled out a similar ETF devoted to international income-paying securities.

First Trust International Multi-Asset Diversified Income Index Fund (YDIV) is the international version of the U.S.-focused First Trust Multi-Asset Diversified Income Index Fund (MDIV), which began trading in August 2012 and now has close to $500 million in assets.

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