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The product review series is where we analyze investment products based on benchmarks, factors, and performance. In this video are analyzing First Trust Long/Short Equity ETF (FTLS). Summary 1. FTLS is the largest alternative ETF with $900m of AUM 2. Pursues a long-short strategy in US equities using earnings quality for stock selection 3. Represents an equity proxy offering no diversification benefits Timescodes: 0.00 Introduction 0.46 What are the key drivers of risk & return? 2.44 Does the fund provide anything unique? 4.18 Does the fund offer diversification benefits? About Finominal: A portfolio analytics firm that helps drive your investment success with intelligent analytics by reducing fees, reducing complexity, and increasing diversification. We offer easy-to-use portfolio analysis and research tools that create transparency and actionable insights for professional investors. Our investment and portfolio analysis tools are freely available on our website. Link to our website: https://finominal.com/ Follow us on LinkedIn: / fino. . Follow us on X: / finominally Read our research: https://insights.finominal.com/ Write to us: [email protected] If you want a certain product analyzed, feel free to send a suggestion and we will tackle it in the coming months. #finance #investment #financialeducation #assetmanagement #financialadvisor #equity #alphainvestments #stockmarket