MMLG Profile
First Trust Multi-Manager Large Growth ETF aims to offer investors exposure to large capitalization growth stocks through a diversified, multi-manager strategy. Under normal market conditions, the fund invests at least 80% of its net assets in equity securities of large-cap companies. This includes common stocks of U.S. companies, as well as common stocks of non-U.S. companies that are primarily traded in the United States and American Depositary Receipts (ADRs). This broad approach ensures that investors gain access to a wide range of growth opportunities within the large-cap segment of the equity market.
The fund employs a multi-manager strategy, integrating the expertise of several portfolio management teams to enhance its investment approach. By blending different management styles and strategies, the fund seeks to capitalize on diverse growth opportunities and mitigate risks associated with relying on a single manager's approach. This structure allows the fund to benefit from varied perspectives and investment philosophies, aiming to achieve superior growth performance and provide a more balanced exposure to the large-cap growth sector.
As a non-diversified fund, First Trust Multi-Manager Large Growth ETF may concentrate its investments in a limited number of securities or sectors, which can increase both potential returns and risks. The multi-manager approach helps manage this risk by diversifying across different management styles and strategies, thereby aiming to deliver robust performance while mitigating the impact of any single investment's underperformance.
The fund’s focus on large capitalization growth stocks positions it to take advantage of the growth potential within established, large-scale companies that are expected to expand significantly. The integration of multiple portfolio managers offers a strategic advantage, providing comprehensive exposure to leading growth opportunities while leveraging the specialized skills of different investment teams. This approach aligns with the fund’s objective of delivering strong growth performance through a diversified and dynamic investment strategy.
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