First Trust launches Value & Momentum Foreign Exchange UCITS ETF

First Trust Global Portfolios (FTGP) announced the launch of the first actively managed foreign exchange UCITS ETF in Europe. The new First Trust FactorFX Ucits ETF (FTFX) will be available on the London Stock Exchange from August 1st and will trade 20 to 30 currency pairs through forwards, futures, money market instruments and short-dated sovereign debt.

The fund applies both the value and momentum risk premia to the carry trade in currency markets. First Trust aims to generate total returns and provide a great way to add portfolio diversification.

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