First Trust to Launch the First Trust Horizon Managed Volatility Small/Mid ETF

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“First Trust”) a leading exchange-traded fund (“ETF”) provider and asset manager, announced today that it has launched the First Trust Horizon Managed Volatility Small/Mid ETF (NYSE Arca: HSMV) (the “fund”). The fund seeks to provide capital appreciation while attempting to mitigate volatility using a proprietary quantitative and rules-based investment process with a focus on small and/or mid-capitalization companies. The fund invests primarily in common stocks that the fund’s sub-advisor, Horizon Investments, LLC (“Horizon”), believes exhibit low future expected volatility.