New First Trust Quantitative ETFs Hit Market Today

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