First trust launches a balanced income etf

Wheaton, ill.--(business wire)--first trust advisors l.p. (“first trust”), a leading exchange-traded fund (“etf”) provider and asset manager, announced today that it has launched a new etf, the first trust balanced income etf (nyse arca: ftbi) (the “fund”). ftbi seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the bloomberg moderate allocation income focus index (the “index”), which is reconstituted and rebalanced.
FTBI Ratings Summary
FTBI Quant Ranking