Chapman and Cutler LLP 111 West Monroe Street
Chicago, Illinois 60603
April 17, 2020
Mark Cowan
U.S. Securities and Exchange Commission
Division of Investment Management
Disclosure Review Office
100 F Street, N.E.
Washington, D.C. 20549
Re: FT 8672
Limited Duration Fixed Income ETF Portfolio, Series 35
(the "Trust")
CIK No. 1800020 File No. 333-237435
--------------------------------------------------------------------------------
Dear Mr. Cowan:
We received your comment regarding the Registration Statement for the
above captioned Trust. This letter serves to respond to your comment.
COMMENT
Risk Factors
------------
1. PLEASE CONSIDER WHETHER THE FIRST PARAGRAPH OF THE "CURRENT ECONOMIC
CONDITIONS" RISK SHOULD BE MODIFIED IN LIGHT OF CURRENT MARKET CONDITIONS.
Response: The "Current Economic Conditions" risk will be replaced in its
entirety with the following:
MARKET RISK. Market risk is the risk that a particular security, or Units
of the Trust in general, may fall in value. Securities are subject to
market fluctuations caused by such factors as economic, political,
regulatory or market developments, changes in interest rates and perceived
trends in securities prices. Units of the Trust could decline in value or
underperform other investments. In addition, local, regional or global
events such as war, acts of terrorism, spread of infectious diseases or
other public health issues, recessions, or other events could have a
significant negative impact on the Trust and its investments. Such events
may affect certain geographic regions, countries, sectors and industries
more significantly than others. Such events could adversely affect the
prices and liquidity of the Trust's portfolio securities and could result
in disruptions in the trading markets. Any such circumstances could have a
materially negative impact on the value of the Trust's Units and result in
increased market volatility.
The recent outbreak of a respiratory disease designated as COVID-19 was
first detected in China in December 2019. The global economic impact of
the COVID-19 outbreak is impossible to predict but is expected to disrupt
manufacturing, supply chains and sales in affected areas and negatively
impact global economic growth prospects. The COVID-19 outbreak has also
caused significant volatility and declines in global financial markets,
which have caused losses for investors. The impact of the COVID-19
outbreak may be short term or may last for an extended period of time, and
in either case could result in a substantial economic downturn or
recession.
We appreciate your prompt attention to this Registration Statement. If you
have any questions or comments or would like to discuss our responses to your
questions please feel free to contact Brian D. Free at (312) 845-3017 or the
undersigned at (312) 845-3721.
Very truly yours,
CHAPMAN AND CUTLER LLP
By /s/ Daniel J. Fallon
_______________________
Daniel J. Fallon