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The First Trust family of exchange traded funds is gearing up by introducing a new line up of new ETFs scheduled to hit the market today. The ETFs will all utilize the 'AlphaDEX quantitative approach' that begins with prominent indexes from S&P and Russell and then applies a transparent 3-5 factor model using a limited number of factors with high informational value.

A spokeman for First Trust explained that this process incorporates a rigorous discipline that attempts to minimize style tilt, eliminate “noise” and deliver a consistent story.

Here are just some of the new ETFs:

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD)
First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG)
First Trust Energy AlphaDEX Fund (NYSEARCA:FXN)
First Trust Financials AlphaDEX Fund (NYSEARCA:FXO)
First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH)
First Trust Industrials AlphaDEX Fund (NYSEARCA:FXR)
First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ)
First Trust Technology AlphaDEX Fund (NYSEARCA:FXL)
First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU)

Source: New First Trust Quantitative ETFs Hit Market Today