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First Trust Advisors L.P. has launched the First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) aimed at long-term capital appreciation through investments in small-cap equity securities. The fund will be managed by First Trust, leveraging expertise from its Investment Committee and two sub-advisors, Driehaus Capital Management LLC and Stephens Investment Management Group, LLC. This multi-manager strategy combines varied investment philosophies, enhancing potential for consistent alpha in diverse market conditions. First Trust manages approximately $207 billion in assets as of September 30, 2021.
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