First Trust is set to roll out its 60th exchange-traded fund on July 6, MutualFundWire reports. The First Trust ISE Cloud Computing Index Fund (SKYY) will be benchmarked against the ISE Cloud Computing Index.
The fund will be listed on the NASDAQ. The vehicle will be managed by the Wheaton, Illinois-based mutual fund firm’s investment committee, including Robert Carey, CIO and senior vice president.
Click here for the story from MutualFundWire.