In collaboration with Vest Financial, First Trust has become the 6th ETF provider that has either introduced or filed for their autocallable offering over the last five months.

First Trust Exchange-Traded Fund (First Trust) is set to launch its first autocallable ETF - the FT Vest Autocallable Barrier & High Income ETF, according to a company filing to the SEC on 19 November. The move comes on the heels of a similar structure filed by ARK Investment Management a month ago which joins a number of providers deploying this type of product including Calamos, Innovator ETFs, GraniteShares and REX Shares. Similar to the existing and proposed offerings, the FT Vest Auto