First Trust launches low volatility value ETF

First Trust has announced the launch of the First Trust Value Line Dividend Ucits ETF (FVD), a "safety first" product. The fund is based on the existing US version, which saw $4bn inflows across 2019, and tracks the group's Value Line Dividend index. FVD utilises the index's methodology, which seeks companies with a high dividend yield and historically low volatility, and will select only the safest of those firms. If a company fails to score a 1 or a 2 safety ranking, it is excluded, and from those FVD will select companies that have a higher dividend yield than the S&P 500 Compos...