15.11.2012 - First Trust plans active commodities ETF
First Trust, the money management firm known for niche strategies such as an Internet-focused ETF, filed regulatory paperwork detailing plans to market an active futures-based multicommodity fund, though it will achieve its exposure indirectly by investing in a Cayman Islands-based unit in a strategy that may have positive tax implications for investors in the fund. The First Trust Global Tactical Commodity Strategy Fund will have no more than 25 percent of its assets invested in the Caymans unit, which itself will have holdings in commodities consisting of futures contracts and "commodity-linked instruments," including derivatives, that provide net long exposure, the prospectus said...............................................Full Article: Source
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