First Trust aims to launch a corporate-bond ETF with a target date

07/19/2010 |

First Trust filed with the U.S. Securities and Exchange Commission for approval to offer a bond exchange-traded fund with a target maturity date. The First Trust 2020 Target Term Corporate Bond Fund would buy investment-grade bonds of U.S. companies and mature at the end of 2020. The ETF would trade on NYSE Arca.

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