First Trust TCW Emerging Markets Debt ETF (EFIX)
First Trust TCW Emerging Markets Debt ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $15.45, down 0.16% on the session, giving a market capitalisation of $30.2M. Its beta of 1.18 implies it has historically moved more than the broad market.
Under normal operating conditions, this fund primarily allocates a minimum of 80% of its net assets to fixed-income instruments. These debt securities are issued or guaranteed by corporations, financial institutions, and government bodies based in developing nations. The portfolio's scope broadly encompasses, but is not limited to, obligations from sovereign entities, quasi-sovereign agencies, and corporate issuers. Up to 25% of the fund's net assets may be invested specifically in corporate securities from emerging markets that are not considered quasi-sovereign. This fund operates as a non-diversified investment vehicle.
First Trust TCW Emerging Markets Debt ETF is most often compared with the following Financial Services names: