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First Trust has launched the First Trust RBA Deglobalization ETF (Nasdaq: DGLO), a new ETF designed to capitalize on the global economic shift towards deglobalization. The fund tracks the RBA U.S. Deglobalization Index, focusing on U.S. companies that may benefit from reduced international economic interdependence.
The ETF targets companies in industrial, energy, materials, and cybersecurity sectors, particularly those focused on infrastructure, aerospace & defense, and transportation. Companies are selected based on a "Deglobalization Score" that evaluates U.S. revenue percentage, earnings estimates, debt levels, and aerospace & defense exposure. First Trust currently manages approximately $278 billion in assets as of June 30, 2025.