FT Raymond James Multicap Growth Equity ETF (RJMG)
FT Raymond James Multicap Growth Equity ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $27.59, up 0.40% on the session, giving a market capitalisation of $12.2M. Its beta of 1.22 implies it has historically moved more than the broad market.
The FT Raymond James Multicap Growth Equity ETF (the "Fund") aims to generate significant long-term capital appreciation. Under typical market conditions, the Fund commits a minimum of 80% of its net assets (including any capital obtained through borrowing for investment) to equity securities issued by growth-oriented companies. These growth companies are specifically identified by the Fund's sub-advisor, Raymond James & Associates, Inc. The ETF achieves its objective by investing in a portfolio composed of U.S.-listed equity instruments, which encompass common shares and Real Estate Investment Trusts (REITs). For a security to be included, it must carry a "Strong Buy" or "Outperform" rating from Raymond James Equity Research and concurrently exhibit growth characteristics as determined by a proprietary model crafted and managed by Raymond James.
FT Raymond James Multicap Growth Equity ETF is most often compared with the following Financial Services names: