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 Today • Hold On, Actively Managed ETFs On the Way • Are ETFs Un-American?
Stocks/ETFs to watch: First Trust Large Cap Core AlphaDEX Fund (FEX), First Trust Mid Cap Core AlphaDEX Fund (FNX), First Trust Small Cap Core AlphaDEX Fund (FYX), First Trust Large Cap Growth Opportunities AlphaDEX Fund (FTC), First Trust Large Cap Value Opportunities AlphaDEX Fund (FTA), First Trust Multi Cap Growth AlphaDEX Fund (FAD), First Trust Multi Cap Value AlphaDEX Fund (FAB), 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/Producer Durables AlphaDEX Fund (FXR), First Trust Materials AlphaDEX Fund (FXZ), First Trust Technology AlphaDEX Fund (FXL), First Trust Utilities AlphaDEX Fund (FXU)
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