First Trust Ends $8 Billion ETF Partnership with TCW

Reported about 12 hours ago

First Trust has terminated its partnership with TCW Group Inc., which managed four ETFs worth approximately $8 billion. This decision follows a board vote to replace TCW with Smith Capital Investors. The move comes as First Trust, a major ETF issuer, seeks to shift strategy amidst TCW's recent growth in launching its own ETF platform.

Source: YAHOO

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