First Trust lists two new US Momentum ETFs to the LSE

Launch of First Trust US Momentum UCITS ETF on the London Stock Exchange

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By ETFWorld.co.uk

Rupert Haddon Managing Director at First Trust Global Portfolios

First Trust US Momentum UCITS ETF

The First Trust US Momentum UCITS ETF is a passively managed index-tracking fund that seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of the US Momentum iNDEX Index.

The index is a modified market capitalisation weighted index that consists of 180 companies with the highest momentum rating as defined by the Index Provider selected from the largest 750 companies traded in the US markets.

Source: ETFWorld