First Trust Duration Investment Grade Corporate ETF (FSIG) Stock News

First Trust Advisors L.P. has launched the First Trust Limited Duration Investment Grade Corporate ETF (NYSE Arca: FSIG). The fund aims to provide current income by investing at least 80% of its net assets in investment grade corporate debt securities. FSIG targets a weighted average duration of +/- one year of the Bloomberg U.S. Corporate Bond 1-5 Year Index to minimize interest rate volatility. Given current market conditions, the fund's portfolio management team believes that short-duration investment grade corporate bonds can offer a balanced yield opportunity amidst inflation concerns.