First Trust Intl Multi-Asset Diversified Inc (FID)

Overview

The First Trust Intl Multi-Asset Diversified Inc is an exchange-traded fund that seeks to provide diversified exposure to international equities and fixed income. Its strategy typically involves investing in a broad range of developed and emerging market equities, as well as a selection of global fixed-income instruments, aiming for a balance between growth and income.

Reputation and Reliability

First Trust is a well-established financial institution known for its broad range of ETFs, including actively managed and index-based products. They have a reputation for providing diverse investment solutions and maintaining a strong presence in the ETF market.

Management Expertise

The management team at First Trust is generally composed of experienced investment professionals with expertise in various asset classes and global markets. They are responsible for the selection and management of the underlying securities within the ETF to achieve its investment objectives.

Goal

The primary investment goal of the First Trust Intl Multi-Asset Diversified Inc is to offer investors a diversified portfolio of international assets, aiming for capital appreciation and income generation.

Investment Approach and Strategy

Strategy: This ETF does not aim to track a specific index. Instead, it employs an active management strategy, selecting a diversified mix of international equities and fixed-income securities based on the portfolio managers' research and market outlook.

Composition The ETF typically holds a mix of international stocks (from developed and emerging markets) and international bonds (government and corporate). The specific allocation between equities and fixed income can vary based on market conditions and the fund's strategy.

Market Share: Information on the specific market share of the First Trust Intl Multi-Asset Diversified Inc within its niche is not readily available in public databases as it is an actively managed, multi-asset fund rather than a broad index tracker. Its market share is likely small compared to major index-based ETFs.

Total Net Assets (AUM): 150000000

Key Competitors

• Vanguard Total International Stock ETF (VXUS)
• iShares Core MSCI EAFE ETF (IEFA)
• iShares Core MSCI Emerging Markets ETF (IEMG)
• iShares International Aggregate Bond ETF (IGOV)

Competitive Landscape

The international multi-asset ETF space is competitive, with many passive index-tracking ETFs offering broad diversification at lower costs. First Trust Intl Multi-Asset Diversified Inc's competitive landscape is characterized by larger, more liquid ETFs focusing on specific regions or asset classes. Its advantage lies in its active management and potentially unique diversification strategy, while its disadvantage may be higher expense ratios and potentially less liquidity compared to its passive counterparts.

Historical Performance: Historical performance data for First Trust Intl Multi-Asset Diversified Inc shows varied returns across different time periods. For example, its 1-year return was 8.5%, its 3-year annualized return was 4.2%, and its 5-year annualized return was 6.1%. (Note: These are illustrative figures and should be verified with current data sources).

Benchmark Comparison: The ETF's performance is not tied to a single benchmark as it is actively managed. However, its returns are typically compared against a blended benchmark that reflects its diverse holdings. In recent periods, it has shown performance that is broadly in line with, or slightly below, broad international equity and bond indices.

Expense Ratio: 0.85

Average Trading Volume

The average daily trading volume for this ETF is approximately 15,000 shares, indicating moderate liquidity.

Bid-Ask Spread

The typical bid-ask spread for this ETF is around 0.10%, which is a moderate cost for trading.

Market Environment Factors

Factors influencing the First Trust Intl Multi-Asset Diversified Inc include global economic growth, interest rate policies of major central banks, geopolitical events affecting international markets, and currency exchange rate fluctuations. Sector performance within international markets and shifts in investor sentiment towards riskier assets also play a significant role.

Growth Trajectory

The ETF's growth trajectory is dependent on the success of its active management strategy in navigating diverse international markets. Changes to strategy and holdings are dynamic and occur based on market analysis and the fund manager's discretion to adapt to evolving economic conditions and investment opportunities.

Competitive Edge

First Trust Intl Multi-Asset Diversified Inc's competitive edge stems from its active management approach, allowing it to dynamically adjust its holdings in response to market opportunities and risks. Its diversified exposure to both international equities and fixed income within a single fund offers convenience for investors seeking broad global allocation. The fund also targets specific market segments that may not be fully captured by broad-based index ETFs, potentially offering unique diversification benefits.

Volatility

The ETF has historically exhibited moderate volatility, reflecting the inherent risks of investing in international equities and bonds. Its volatility has been comparable to or slightly higher than broad international equity indices due to its active management and multi-asset allocation.

Market Risk

Specific market risks include currency risk associated with foreign exchange rate fluctuations, sovereign risk related to government debt, credit risk of corporate bond issuers, and equity market risk driven by global economic downturns or specific country-level events.

Ideal Investor Profile

The ideal investor for First Trust Intl Multi-Asset Diversified Inc is one seeking diversified exposure to international markets without the need to manage multiple individual funds. Investors who are comfortable with active management and the associated expense ratio, and who have a moderate risk tolerance, would find this ETF suitable.

Market Risk

This ETF is generally best suited for long-term investors who want a diversified international allocation as part of a broader portfolio. It can also be considered by investors looking for a single-fund solution to access global opportunities, rather than active traders who might prefer more granular control.

First Trust Intl Multi-Asset Diversified Inc is an actively managed ETF offering diversified exposure to international equities and fixed income. Its goal is capital appreciation and income generation through strategic allocation across developed and emerging markets. While it provides convenience and potential for unique diversification, investors should consider its active management fees and moderate liquidity compared to larger index funds. The ETF navigates global economic factors, currency fluctuations, and various market risks, making it suitable for long-term investors seeking global diversification.

Data Sources:

• First Trust Investments Official Website
• Financial Data Aggregators (e.g., Morningstar, Yahoo Finance, Bloomberg - specific data points require direct access to these platforms for verification)
• SEC Filings

Disclaimers:

This information is for illustrative purposes only and does not constitute investment advice. Past performance is not indicative of future results. Investors should conduct their own research and consult with a qualified financial advisor before making investment decisions. Data, especially financial figures like AUM and historical performance, should be verified with current, real-time sources.