FV Profile
The First Trust Dorsey Wright Focus 5 ETF (FV) is an exchange-traded fund designed to provide investors with exposure to a focused portfolio of up to five ETFs. Launched in March 2014, FV employs a strategy based on Dorsey Wright & Associates' proprietary Relative Strength Ranking methodology. This approach aims to select ETFs demonstrating strong momentum and performance characteristics within their respective sectors. By concentrating on ETFs with high relative strength, FV seeks to achieve capital appreciation for investors.
FV maintains an expense ratio of 0.89% and manages approximately $2.5 billion in asets. The fund's strategy involves periodic evaluation and adjustment of its holdings to capture market trends and manage risk through diversification across sectors. This active management style distinguishes FV from broader market indices by focusing on ETFs poised for potential growth based on quantitative indicators.
Investors considering FV should note its dynamic portfolio composition, which can change based on shifting market conditions and the relative strength rankings of ETFs. This flexibility allows FV to adapt to evolving market trends while seeking to enhance returns through strategic allocation to sectors showing strong momentum. Overall, FV offers a specialized investment approach for those looking to capitalize on sector-specific opportunities within the ETF universe.
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