First Trust Dorsey Wright People's Portfolio ETF (DWPP): Price and Financial Metrics ETF

First Trust Dorsey Wright People's Portfolio ETF (DWPP) ETF Bio

The investment objective of First Trust Dorsey Wright People’s Portfolio ETF is based on Dorsey Wright’s point-and-figure relative-strength methodology. Essentially the fund’s methodology will use the relative-strength approach to determine whether the portfolio should be in U.S. equities or U.S. Treasuries. If equities are selected, the relative-strength approach is again used to determine whether the fund should be allocated toward a market-cap-weighted strategy in the form of the Nasdaq US 500 Large-Cap Index or an equal-weighted strategy represented by the Nasdaq US Large Cap Equal Index. Both equity indexes include the same components and simply weight them differently.