First Trust Bloomberg R&D Leaders ETF

RND

Market cap $4.67M

On Wednesday, First Trust announced the launch of the First Trust Bloomberg R&D Leaders ETF (RND). RND has a net expense ratio of 0.60%.

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“First Trust”), a leading exchange-traded fund (“ETF”) provider and asset manager, announced today that it has launched a new ETF, the First Trust Bloomberg R&D Leaders ETF (NYSE Arca: RND) (the “fund”). The fund seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the Bloomberg R&D Leaders Select Index (the “Index”). RND provides exposure to companies.