First Trust Dorsey Wright Focus 5 ETF

First Trust Dorsey Wright Focus 5 ETF is an exchange-traded fund designed to track the performance of a selected group of sector-based exchange-traded funds. The primary purpose of this ETF is to provide investors with a dynamic approach to sector investing, employing the Dorsey Wright Relative Strength Index methodology. This methodology ranks sectors based on their potential for growth momentum, making the fund responsive to changing market conditions. First Trust Dorsey Wright Focus 5 ETF predominantly impacts sectors such as technology, healthcare, and consumer discretionary, depending on their current relative strength and performance. The fund's adaptive nature allows for periodic adjustments, focusing on those sectors that exhibit the highest relative strength compared to the broader market. Given its unique strategy, this ETF plays a significant role in sector allocation within an investment portfolio, appealing to those who seek to capitalize on tactical shifts among U.S. equity sectors. By concentrating on a small, select group of sector ETFs, the First Trust Dorsey Wright Focus 5 ETF aims to deliver growth opportunities aligned with prevailing market trends.