First Trust Long/Short Equity ETF (FTLS)
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First Trust Long/Short Equity ETF Profile
| NEO-L Exchange | US Country |
Overview
The described entity is a fund that predominantly invests in U.S. exchange-listed equity securities and U.S. exchange-traded funds (ETFs) that mirror the performance of U.S. equities. Emphasizing a strategy that involves both long and short positions in these securities and ETFs, the fund aims to adhere to its investment objective under normal market conditions. By allocating at least 80% of its net assets (inclusive of investment borrowings) towards U.S. listed equities and/or ETFs, this fund seeks to maintain a significant exposure to the U.S. stock market. Additionally, it permits investing up to 20% of its net assets (including borrowing for investment purposes) in U.S. exchange-listed equity index futures contracts, adding a layer of flexibility and potential for hedging to its investment approach.
Products and Services
- U.S. Exchange-Listed Equity Securities
This refers to shares of companies that are traded on U.S. stock exchanges. The fund invests primarily in these securities to ensure a firm exposure to the U.S. equity market. By maintaining at least 80% of its net assets in such assets, it aligns its portfolio with the dynamic landscape of U.S. equities, aiming at long-term growth.
- U.S. Exchange-Traded Funds (ETFs)
The fund incorporates U.S. exchange-traded funds into its investment strategy, which track the performance of U.S. listed equity securities. These ETFs provide diversified exposure to the U.S. stock market, allowing the fund to partake in the broader market movements while managing risk.
- Long and Short Positions in Portfolio
Utilizing a strategy that encompasses both long and short positions enables the fund to capitalize on the upward and downward market movements. By going long, the fund invests in stocks it expects to rise in value, and by short selling, it anticipates earning from stocks projected to decline. This strategy aims to generate returns under various market conditions, fostering a robust investment approach.
- U.S. Exchange-Listed Equity Index Futures Contracts
The fund allocates up to 20% of its net assets to engage in U.S. exchange-listed equity index futures contracts. These derivatives are agreements to buy or sell a specified equity index at a future date, allowing the fund to hedge against market volatility and potentially profit from futures market movements.
