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First Trust Balanced Income ETF launched
Exchange-traded funds provider and asset manager First Trust Advisors announced [https://seekingalpha.com/pr/20120131-first-trust-launches-a-balanced-income-etf] on Thursday the launch of the First Trust Balanced Income ETF (NYSEARCA:FTBI [https://seekingalpha.com/symbol/FTBI]).
FTBI tracks the Bloomberg Moderate Allocation Income Focus Index, which is reconstituted and rebalanced semi-annually.
