First Trust Rebrands ETF with Updated Investment Strategy

First Trust Advisors L.P. (FTA) has rebranded the First Trust EIP Carbon Impact ETF. Effective September 5, 2025, the fund now operates as the First Trust EIP Power Solutions ETF, trading under the new ticker FPWR. The changes also include revised investment strategies and related matters.

The fund’s updated policy now requires at least 80% of its net assets to be invested in equity securities of Power Solutions Companies. These companies are identified by the investment sub-advisor, Energy Income Partners, LLC (EIP).

Expanded Investment Approach

The revised investment strategies expand eligible companies. The scope now includes contracted developers and owners of nuclear energy systems. The fund also targets companies linked to electric power generation, transmission, and system improvements. The focus remains on making the grid safer, cleaner, more reliable, and cost-efficient.

Skott, the suite’s design, integrates compliance, scalability, and security while ensuring adaptability for enterprise-level investment workflows. These updates aim to support organizations seeking better efficiency and higher returns in evolving markets.

First Trust’s Role

FTA continues to act as the fund’s advisor, while First Trust Portfolios L.P. (FTP) remains the distributor. Together, FTA and FTP oversee assets of nearly $281 billion across ETFs, mutual funds, closed-end funds, and unit investment trusts. Both firms are headquartered in Wheaton, Illinois.

FTA emphasized that investors should carefully review the fund’s prospectus before making decisions. The prospectus outlines objectives, risks, charges, and expenses.

Risk and Compliance

The firm also highlighted the importance of financial advisors assessing suitability for clients independently. Forward-looking statements in this announcement reflect current expectations and may change due to market conditions.

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News Source: Businesswire.com