FTLBFédération Touristique du Luxembourg Belge (French: Belgian Luxembourg Tourist Federation; Belgium)
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has announced that it will launch three ETFs, the First Trust High Income ETF (FTHI), the First Trust Low Beta Income ETF (FTLB) and the First Trust Nasdaq Rising Dividend Achievers ETF (RDVY).
FTHI seeks to provide current income, with a secondary investment objective of capital appreciation, while FTLB seeks to provide current income.
Rob Guttschow and John Gambla are senior portfolio managers of FTHI and FTLB. All three are expected to begin trading Tuesday.