New ETFs On The Block: First Trust Enhanced Short Maturity ETF (FTSM)

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With the gradual improvement in US economy and strengthening of the labor market, speculations about an earlier-than-expected rate hike is slowing gathering pace. First Trust Portfolios, the Il-based sixth largest US issuer of exchange-traded funds, recently unveiled the First Trust Enhanced Short Maturity ETF (FTSM) to give investors exposure in the short-end of the duration curve with the aim of …