First Trust launches low volatility value ETF

Tracks the Value Line Dividend index

First Trust has today (13 February) announced the launch of the First Trust Value Line Dividend UCITS ETF (FVD), a "safety first" product.

The fund is based on the existing US version, which saw $4bn inflows across 2019, and tracks the group's Value Line Dividend index. FVD utilises the index's methodology, which seeks companies with a high dividend yield and historically low volatility, and will select only the safest of those firms. First Trust brings best-selling US ETF to the UK If a company fails to score a 1 or a 2 safety ranking, it is excluded, and from those FVD will select companies that have a higher dividend yield than the S&P 500 Composite index and a market cap of $1bn or greater. The fund will be lis...