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The American Stock Exchange [Amex] announced Thursday the launch of 17 new First Trust ETFs. Sixteen of the new funds track the performance of so-called 'enhanced' indexes managed by Amex or Standard and Poors that select stocks using a proprietary, rules-based AlphaDEX fundamental stock methodology. These ETFs include three core funds (large-cap, mid-cap and small-cap), large- and mixed-cap growth and value funds, and nine sector funds (consumer discretionary, staples, energy, financials, healthcare, industrials, materials, tech, utilities). The 17th fund is the First Trust S&P REIT Index Fund [FRI], which tracks the S&P REIT composite index. Goldman Sachs, Susquehanna, and Kellogg will split specialist duties on the funds.

Sources: Press release
Commentary: New First Trust Quantitative ETFs Hit Market TodayHold On, Actively Managed ETFs On the WayAre ETFs Un-American?
Stocks/ETFs to watch: First Trust Large Cap Core AlphaDEX Fund (NYSEARCA:FEX), First Trust Mid Cap Core AlphaDEX Fund (NYSEARCA:FNX), First Trust Small Cap Core AlphaDEX Fund (NYSEARCA:FYX), First Trust Large Cap Growth Opportunities AlphaDEX Fund (NYSEARCA:FTC), First Trust Large Cap Value Opportunities AlphaDEX Fund (NYSEARCA:FTA), First Trust Multi Cap Growth AlphaDEX Fund (NYSEARCA:FAD), First Trust Multi Cap Value AlphaDEX Fund (NYSEARCA:FAB), 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/Producer Durables 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)

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Source: First Trust's 17 New ETFs Include Industrials, REIT Index