2/28/2013

First Trust has launched on Nasdaq an actively managed exchange-traded fund applying the long-short strategy to corporate and U.S. government debt. The First Trust High Yield Long/Short ETF puts 130% of assets into long fixed-income positions, including high-yield bonds, bank loans and convertible securities. The ETF takes short positions on U.S. Treasurys and a mix of investment-grade and high-yield corporate debt.

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