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First Trust Advisors L.P. has announced the upcoming liquidation of the First Trust TCW Emerging Markets Debt ETF (NYSE Arca: EFIX). The decision was approved by the Board of Trustees following FTA's recommendation.
Key dates include:
- Last trading day: April 8, 2025
- Final creation/redemption orders: April 8, 2025
- Expected liquidation: April 15, 2025
Shareholders can sell their holdings before April 8, 2025, or receive a cash redemption equal to the net asset value after the Fund settles all obligations. The Fund may increase cash holdings and deviate from stated investment strategies during the liquidation process, potentially affecting its ability to meet investment objectives. FTA currently manages approximately $266 billion in assets as of January 31, 2025.
First Trust has launched the First Trust TCW Emerging Market Debt ETF (NYSE Arca: EFIX), aiming for high total return through investments in emerging market debt. Managed by TCW Investment Management, the fund targets both current income and capital appreciation. Emphasizing a total return strategy, TCW's approach involves investing in hard currency sovereign and corporate debts, leveraging evolving market dynamics. The fund is designed for investment advisors looking to capitalize on emerging market opportunities.