First Trust Debuts ETF Aligned With Shifting Global Trade Dynamics
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First Trust Advisors has launched the First Trust RBA Deglobalization ETF (DGLO), targeting opportunities arising from tightening global supply chains and deglobalization trends. With an expense ratio of 0.7%, the ETF tracks the RBA U.S. Deglobalization Index, focusing on sectors like industrials, energy, materials, and cybersecurity. The fund aims to capitalize on firms with high U.S.-sourced revenue and strong balance sheets, particularly in aerospace and defense, amid rising geopolitical tensions. Richard Bernstein, CEO of the index provider, emphasizes the ETF's role in accessing significant macroeconomic changes.
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Source: Benzinga The copyright of this article belongs to the original author/organization.
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