FT Portfolios Canada Co. has announced the launch of the common and advisor class of units of the First Trust Global Risk Managed Income Index ETF.

Read: North American ETF markets surge

The First Trust ETF seeks to replicate, to the extent possible, the performance of the NASDAQ Global Risk Managed Income Index, net of expenses. The investment strategy is to invest in and hold constituent securities of the index in the same proportion as they are reflected in the index or securities intended to replicate the performance of the index.

The index seeks to provide a risk managed, global income portfolio which generates a high yield for the risk taken and consists of liquid income-bearing exchange traded funds and other exchange traded products across various asset classes.

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