First Trust brings best-selling US ETF to the UK

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First Trust has opened up one of its best-selling US strategies to UK investors with the launch of the First Trust Capital Strength UCITS ETF (FTCS).

The ETF accumulated $1.5bn of US inflows over the course of last year, according to the firm, and tracks the Capital Strength index, which picks its companies from the NASDAQ US Benchmark index. First Trust launches factor-based fixed income ETF It is designed to offer exposure to high quality companies with strong balance sheet and low volatility, while providing better stability and positive performance in all market conditions. While the Capital Strength index begins with the 500 largest companies with a minimum three-month average daily dollar trading volume of $5m, it then tes...