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First Trust Long/Short Equity ETF
FTLS (First Trust Long/Short Equity ETF) is an index Alternative ETF by First. With a 0.15% MER, it provides diversified exposure. Quarterly distribution with a 0.23% yield.
FTLS by First is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
Its 0.15% MER makes it one of the most cost-effective options in its category. It does not pay a significant distribution — returns are reinvested for capital growth.
It can be held in a TFSA, RRSP, or non-registered account depending on your investment strategy.