First Trust Multi-Strategy Alternative ETF (LALT)
First Trust Multi-Strategy Alternative ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $24.75, down 0.32% on the session, giving a market capitalisation of $324.2M. Its beta of 0.15 implies it has historically moved less than the broad market.
The First Trust Multi-Strategy Alternative ETF (LALT) is designed to achieve the primary goal of generating overall long-term returns. This actively managed exchange-traded fund strives towards its investment objective by strategically distributing its capital among a wide variety of non-traditional asset classes and investment approaches. The intention behind this strategy is to provide investors with diminished correlation and broader risk diversification when measured against standard equity and fixed income benchmarks, like the S&P 500 Index or the Bloomberg Aggregate Bond Index, aiming for consistent performance through diverse economic conditions.