First Trust Advisors has rolled out two new ETFs based on NASDAQ indices. The First Trust NASDAQ Technology Dividend Index Fund and the Multi-Asset Diversified Income Index Fund, which is based on the NASDAQ Multi-Asset Diversified Income Index, began trading on NASDAQ today.
The Multi-Asset Diversified Income Index Fund was created for investors looking for alternatives to the declining yields in the traditional bond markets. “With interest rates at historically low levels, income investors have been seeking yield from alternative sources, including multi-asset income investing,” said Robert Carey, CFA, Chief Market Strategist at First Trust. “In our opinion, the Multi-Asset Diversified Income Index Fund is a disciplined and transparent solution for income investors that seeks to provide income generation, diversification and the potential for reduced volatility in a very challenging market.”