First Trust Active Global Quality Income ETF - AGQI STOCK NEWS

Welcome to our dedicated page for First Trust Active Global Quality Income ETF news (Ticker: AGQI), a resource for investors and traders seeking the latest updates and insights on First Trust Active Global Quality Income ETF stock.

First Trust Active Global Quality Income ETF (AGQI) is an actively managed exchange-traded fund (ETF) managed by First Trust Advisors L.P. (FTA) and sub-advised by Janus Henderson Investors US LLC. The ETF aims to provide income with the potential for capital growth over the long term by investing primarily in income-producing equity securities. AGQI typically allocates at least 40% of its net assets to securities of issuers or companies that have economic ties to different countries around the globe, excluding the United States.

FTA is a federally registered investment advisor with approximately $187 billion in assets under management or supervision as of October 31, 2023. The firm oversees a diverse range of investment products including unit investment trusts, ETFs, closed-end funds, mutual funds, and separate managed accounts. First Trust Portfolios L.P. (FTP), an affiliate of FTA, is a FINRA registered broker-dealer and serves as the sponsor of the First Trust unit investment trusts, as well as a distributor of mutual fund shares and ETF creation units.

Janus Henderson Investors, a subsidiary of Janus Henderson Group PLC, serves as AGQI’s investment sub-advisor. Janus Henderson Group is a prominent global active asset manager, managing approximately US$308 billion in assets as of September 30, 2023. The company employs over 2,000 professionals and operates in 24 cities worldwide. Headquartered in London, Janus Henderson is listed on both the NYSE and the ASX.

In a significant recent development, the First Trust Dynamic Europe Equity Income Fund (FDEU) was reorganized into AGQI. This reorganization was approved by shareholders on October 23, 2023, and completed on November 21, 2023. The assets and liabilities of FDEU were transferred to AGQI, and FDEU shareholders received AGQI shares equal to the net asset value of their FDEU holdings.

This strategic move aims to enhance the investment opportunities for shareholders by leveraging AGQI’s actively managed approach to global quality income investments. Investors interested in AGQI are advised to review its prospectus, which contains detailed information about its investment objectives, risks, charges, and expenses. The prospectus is available for free by calling First Trust Portfolios L.P. or visiting their website.