First Trust Bloomberg R&D Leaders ETF (RND)
First Trust Bloomberg R&D Leaders ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $33.35, down 0.10% on the session, giving a market capitalisation of $10.0M. Its beta of 1.25 implies it has historically moved more than the broad market.
The First Trust Bloomberg R&D Leaders ETF (referred to as the "Fund") is designed to closely track the overall performance, including both capital appreciation and income, of the Bloomberg R&D Leaders Select Index (the "Index"), before deducting the Fund's operating fees and expenses. Ordinarily, the Fund utilizes a passive indexing investment strategy, committing a minimum of 80% of its net assets (along with any borrowed capital for investment purposes) to the securities that constitute the Index. Its aim is to mirror the total return of the Index, which accounts for dividends distributed by its underlying holdings, prior to the Fund's fees and expenses.
First Trust Bloomberg R&D Leaders ETF is most often compared with the following Financial Services names: