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WHEATON, Ill. - First Trust Advisors L.P. has launched three new actively managed exchange-traded funds (ETFs) this week, expanding its Target Outcome ETF lineup to 118 funds with over $29.7 billion in total net assets as of May 30, 2025.
The new funds include the FT Vest Growth Strength & Target Income ETF (Nasdaq:FGSI), which launched Thursday and seeks to provide income approximately 8% above the S&P 500 Index’s annual dividend yield. The fund invests in U.S. equity securities tracking The Growth Strength Index while utilizing call options on the S&P 500 Index.
Two additional funds launched Wednesday: FT Vest Laddered Enhance & Moderate Buffer ETF (Cboe:BUFX), which aims to provide a 15% downside buffer while offering approximately twice any positive SPY price return up to a predetermined cap; and FT Vest Laddered Max Buffer ETF (Cboe:BUFH), designed to provide maximum available downside buffer with upside potential up to a cap.
All three funds are sub-advised by Vest Financial LLC, the creator of Target Outcome Investments and Target Income Strategies.
"Today’s market demands innovation, especially for investors seeking targeted results in uncertain conditions," said Ryan Issakainen, Senior Vice President and ETF Strategist at First Trust, according to the press release statement.
The funds employ different approaches to address specific investor goals, with BUFX and BUFH using a laddered approach by holding 12 monthly series of their respective underlying ETFs to help mitigate timing risk.
First Trust currently manages approximately $268 billion in assets as of May 30, 2025, through various investment vehicles including ETFs, closed-end funds, mutual funds and separate managed accounts. Investors seeking deeper analysis of First Trust’s ETF offerings and their market performance can explore additional metrics and professional insights through InvestingPro, including real-time trading data, technical analysis, and comprehensive fund comparisons.
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