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Factoid of the Day Wednesday, May 25, 2016
A new study from Bank of America U.S. Trust found that 77% of the firm's clients rose from the middle class and poorer backgrounds to become high net worth (HNW) individuals by building their wealth slowly over time, according to Yahoo! Finance. HNW clients have at least $3 million in investable assets. The study also revealed the following about HNW individuals: 86% of those polled said they made their biggest gains through long-term buy and hold strategies; 89% via traditional stocks and bonds; and 83% benefitted from a series of small wins versus taking big investment risks.
 
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First Trust Alternative Absolute Return Strategy ETF (FAAR)
Exchange Listing Date: May 19, 2016
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