First Trust Expands its ETF Lineup with Two New Short Duration Municipal ETFs

First Trust Advisors L.P. (“First Trust”) an exchange-traded fund (“ETF”) provider and asset manager, announced today that it has launched two new actively managed ETFs, the First Trust Short Duration Managed Municipal ETF (NYSE Arca: FSMB) and the First Trust Ultra Short Duration Municipal ETF (NYSE Arca: FUMB) (the “funds”). By investing primarily in municipal debt securities, the funds seek to provide federally tax-exempt income consistent with capital preservation. The funds are managed by First Trust using a strategy that focuses on a combination of quantitative analysis and fundamental research.