First Trust to Launch First Trust Lunt U.S. Factor Rotation ETF

First Trust announced today that it has launched a new ETF, the First Trust Lunt U.S. Factor Rotation ETF (Cboe BZX: FCTR). The fund seeks investment results that correspond generally to the price and yield (before the fund’s fees and expenses) of an equity index called the Lunt Capital Large Cap Factor Rotation Index. The index is designed to provide exposure to U.S. large cap equities, rotating among select factors when they come into favor using the propriety risk-adjusted relative strength methodology from Lunt Capital Management. The index rotates among eight sub-indices, each of which exhibits the characteristics of the high and low side of four factors.