First Trust Equity Market Neutral ETF

First Trust Equity Market Neutral ETF is an exchange-traded fund that employs an equity market neutral strategy focused on U.S. companies. The fund seeks to balance long and short positions in U.S. exchange-listed equities so that overall portfolio exposure is designed to be largely independent of broad market direction. Its performance is driven primarily by the net results of stock selection on both sides of the portfolio, rather than by general market movements, positioning it within the alternative, market-neutral segment of the ETF universe. First Trust Equity Market Neutral ETF typically uses a combination of individual stocks, other equity-focused ETFs, and derivatives such as futures and total return swaps to implement its strategy. Managed by First Trust Advisors L.P., headquartered in Wheaton, Illinois, the fund is intended for investors seeking exposure to equity long/short strategies implemented in a liquid, transparent ETF format.