First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF)
First Trust Bloomberg Inflation Sensitive Equity ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $28.97, up 0.31% on the session, giving a market capitalisation of $1.4M. Its beta of 0.57 implies it has historically moved less than the broad market.
The First Trust Bloomberg Inflation Sensitive Equity ETF (referred to as the "Fund") aims to mirror the performance of a specific equity benchmark, the Bloomberg Inflation Sensitive Equity Index. Its primary objective is to closely track the price movements and income generated by this index, prior to deducting any operational costs. Under typical market conditions, a minimum of 80% of the Fund's net assets—including any funds borrowed for investment purposes—will be allocated to the common stocks that constitute this Index. Employing an indexing investment approach, the Fund endeavors to replicate the overall total return of the Index, which encompasses all dividends distributed by its constituent common stocks, before accounting for its own expenses and fees. Generally, a full replication strategy is utilized, meaning the Fund holds every security present in the Index in proportions that mirror their respective weightings. Bloomberg Index Services Limited holds the responsibility for the development, maintenance, and sponsorship of this underlying index.
First Trust Bloomberg Inflation Sensitive Equity ETF is most often compared with the following Financial Services names: