The fund is focused on the buy and hold strategy and comes with an option to hold indefinitely.

First Trust Advisors has launched a new ETF, the FT Vest US Equity Dual Directional Buffer ETF (Cboe: DLAG), which is designed to track S&P 500 gains up to a set limit while also providing protection on the downside.   The ETF, a part of First Trust's 'Target Outcome' lineup, will offer returns that move in the opposite direction of the S&P 500 up to a certain threshold, along with a 10% buffer against deeper loses over a one-year period.  The Illinois-based asset manag