First Trust Exchange-Traded Fund III - First Trust Long/Short Equity ETF

First Trust Exchange-Traded Fund III - First Trust Long/Short Equity ETF is an exchange traded fund launched and managed by First Trust Advisors LP. It invests in public equity markets of global region. It invests directly and through other funds in stocks of companies operating across diversified sectors. It employs long/short strategy to create its portfolio. The fund invests in growth and value stocks of companies across diversified market capitalization. It employs fundamental and quantitative analysis to create its portfolio. It seeks to benchmark the performance of its portfolio against the S&P 500 Index. The fund employs proprietary research to create its portfolio. First Trust Exchange-Traded Fund III - First Trust Long/Short Equity ETF was formed on September 8, 2014 and is domiciled in the United States.