First Trust Multi-Manager Small Cap Opportunities ETF (MMSC)
First Trust Multi-Manager Small Cap Opportunities ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $28.99, up 1.18% on the session, giving a market capitalisation of $33.5M. Its beta of 1.34 implies it has historically moved more than the broad market.
This Exchange Traded Fund (ETF) aims to achieve significant long-term appreciation in its capital. Under typical market circumstances, it allocates a minimum of 80% of its total assets, potentially including funds borrowed for investment, to equity securities issued by smaller companies. These small-capitalization firms are defined as those whose market value, at the time of initial investment, falls within the range of companies comprising the Russell 2000 Growth Index as established during its most recent rebalancing. The fund's holdings are primarily composed of common shares from corporations headquartered in the United States, in addition to non-U.S. companies whose stocks are principally traded on U.S. exchanges. Through a multi-manager strategy, the ETF endeavors to access the growth-oriented portion of the small-cap equity market by integrating the expertise of various portfolio management teams.
First Trust Multi-Manager Small Cap Opportunities ETF is most often compared with the following Financial Services names: