First Trust Enhanced Stocks, Bonds & Gold ETF (ESBG)

The First Trust Enhanced Stocks, Bonds & Gold ETF (ESBG) is an exchange-traded fund from First Trust Advisors, based in Wheaton, Illinois.

The fund combines exposure to three asset classes, stocks, bonds and gold, within a single portfolio. The word Enhanced in its name indicates that it uses derivatives such as futures to obtain more total exposure than a simple unlevered allocation would provide, a design often described as return stacking. The fund trades on NYSE Arca.