RJF - First Trust launches FT Raymond James Multicap Growth Equity ETF

2024-01-18 11:53:31 ET

First Trust Advisors L.P. said Thursday it has rolled out the FT Raymond James Multicap Growth Equity ETF (RJMG) to provide investors exposure to some of Raymond James' ( RJF ) highest conviction stock ideas.

The actively-managed fund invests in a portfolio of U.S.-listed equity securities with various market capitalizations that exhibit growth characteristics and are rated Strong Buy or Outperform by Raymond James Equity Research based on expected total returns and/or expected outperformance of the S&P 500.

The overall model portfolio is developed and overseen by Raymond James & Associates, which is acting as RJMG's non-discretionary investment sub-advisor.

“After a prolonged period of relatively strong performance by passive, market-cap weighted indices, we believe that stock selection may play a more important role for investors in the years ahead,” said First Trust ETF Strategist Ryan Issakainen.

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