First Trust NASDAQ Global Auto Index ETF

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  • May 8, 2012, 9:27 AM

    Google's self-driving cars will soon be hitting the roads of Nevada after landing state approval. Officials say the concept isn't science fiction, but part of the road map for the future to improve safety. A step behind Google in development: GM, BMW (BAMXY.PK), and Audi (VLKAY.PK).

    | May 8, 2012, 9:27 AM
  • Apr. 30, 2012, 12:59 PM
    Automobile manufacturers face a mysterious dalliance by Google with the industry as the search giant remains committed to helping develop technology to create self-driving cars. While a Googlemobile is not on the radar, companies such as GM, BMW (BAMXY.PK), and Audi (VLKAY.PK) plan to move ahead with development to stay a step ahead. Working against the concept: Tough government regulators and drivers who still remember the Blue Screen of Death that showed the infallibility of software quite regularly.
    | Apr. 30, 2012, 12:59 PM | 1 Comment
  • Apr. 4, 2012, 2:54 PM

    Ford lifts its seasonally adjusted rate of auto sales to a range of 14.5M-15M from a previous level of 13.5M-14.5M. The upward revision follows yesterday's strong (sans GM) reports on March sales from manufacturers. Sector-play ETFs VROM and CARZ are both up over 20% YTD after a couple of years in the doldrums.

    | Apr. 4, 2012, 2:54 PM
  • Apr. 3, 2012, 10:59 AM
    A number of auto industry-related stocks are running hot amid reports from manufacturers of brisk March auto sales. Advancers: ABG +4.4%, GPI +4.3%, PAG +5.0%, SAH +4.3%, LAD +2.4%.
    | Apr. 3, 2012, 10:59 AM
  • Mar. 21, 2012, 10:36 AM

    Honda (HMC +0.1%) and Subaru (SBUOF.PK) could be set to see profits based on analysis by on the level of discounting from MSRP that automakers are offering in order to boost sales. By category the lowest incentives were offered on Honda Insights (compact), Subaru Outbacks (midsize), Honda CR-Vs (cross-over SUVs), Subaru Tribecas (midsize cross-over SUVs), and Volvo C30s (entry level luxury).

    | Mar. 21, 2012, 10:36 AM
  • Mar. 16, 2012, 11:47 AM
    All of a sudden building auto assembly plants in the U.S. is all the rage with not only the Big 3 American automakers planning to ramp up operations - but also foreign companies. It's a combination of factors that includes stronger market demand, a formidable yen, and the effects of natural disasters in Japan and Thailand that has companies such as GM, F, FIATY.PK, BAMXY.PK, VLKAY.PK, and DDAIF.PK mapping out a strategy to assemble more cars in the U.S.
    | Mar. 16, 2012, 11:47 AM | 2 Comments
  • Feb. 23, 2012, 10:33 AM
    Experian claims the automotive loan market is in good shape with rates on new and used vehicles at their lowest levels since 2008 and more lenders willing to extend loans to 6 or 7 years. The company also says delinquencies on 30-day and 60-day loans fell off markedly in Q4 compared to last year.
    | Feb. 23, 2012, 10:33 AM
  • Feb. 21, 2012, 11:16 AM

    The auto industry sits better prepared for $5 per gallon gas prices than last go around,  with 17 models now out that deliver at least 40 MPG - compared to just a few 4 years ago. CNBC's Phil LeBeau forecasts that automakers will continue pounding out strong sales, unless prices at the pump hit a critical mass that creates a psychological impact too great to overcome.

    | Feb. 21, 2012, 11:16 AM | 1 Comment
  • Feb. 21, 2012, 4:09 AM
    China's clampdown on automobile overcapacity is good news for companies like GM (GM) which already have entrenched positions in the world's biggest car market. Newcomers won't be eligible for incentives on factories, and China appears less likely to sign off on new applications from foreign automakers.
    | Feb. 21, 2012, 4:09 AM
  • Feb. 6, 2012, 2:36 PM

    Volkwagen-owned (VLKAY.PK) Lamborghini plans to unveil a SUV at the April Beijing auto show with a planned launch date of 2016. The move follows similar initiatives by sporty car makers BMW, Maserati, and Porsche to grab a piece of the higher profit margin SUV market in a trend that would have been nearly inconceivable just ten years ago. Who's next DeLorean?

    | Feb. 6, 2012, 2:36 PM
  • Jan. 31, 2012, 3:13 PM

    Pres. Obama's stimulus package succeeded in kicking up investment and production in the electric vehicles, but the lingering question of long-term success remains unanswered. Investments in the industry by China and South Korea outpace that of the U.S., while it's also unclear if strict mpg rules set for the future will stay in place. But insiders still say ambitious EV goals can be met with longer-range, cheaper batteries to help drivers adopt a new paradigm. EV-related plays: AEF, AVAV, ECTY, F, GACR.PK, KNDI, NRG, NSANY.PK, GM, TSLA, ZAAP.OB.

    | Jan. 31, 2012, 3:13 PM | 2 Comments
  • Jan. 26, 2012, 3:40 PM

    AutoNation (AN +1.4%) CEO Michael Jackson says in an earnings CC that he sees 3 drivers pacing a recovery in the auto market - as he backs up his call for 2012 sales of 14M vehicles in the U.S. Factors that could push CARZ and VROM higher: (1) A fleet of U.S. cars showing their age; (2) the accelerated pace of new products being launched by manufacturers; (3) the availability of credit financing to customers.

    | Jan. 26, 2012, 3:40 PM
  • Jan. 25, 2012, 10:42 AM
    J.D. Power sees U.S. vehicle sales picked up in January to reach 10.9M units - marking a 5.8% Y/Y gain but a slight decline from last quarter's total of 11.3M. The firm says an important metric - average days that vehicles spent on dealer lots - has moved to a multi-year low for January.
    | Jan. 25, 2012, 10:42 AM | 2 Comments
  • Jan. 23, 2012, 1:21 PM
    From bankruptcy filings and layoffs to hiring and major capital spending, the major automakers are on the up. Their resurgence is helping to boost the jobs outlook, particularly in the Midwest, driven by a new view that manufacturing in the U.S. is a good way to cope with volatile forex markets and other risks.
    | Jan. 23, 2012, 1:21 PM | 1 Comment
  • Jan. 23, 2012, 11:13 AM

    Better Place, which develops infrastructure for electric cars, has delivered its first 100 vehicles to Israeli customers. The company partners with Renault (RNSDF.PK), and its investors include HSBC (HBC), GE, UBS, and Morgan Stanley. (previous)

    | Jan. 23, 2012, 11:13 AM | 1 Comment
  • Jan. 20, 2012, 12:43 PM

    The strong yen strikes again: Honda (HMC +1.5%) decides to build a high-performance hybrid Acura in Ohio - instead of its home nation of Japan. The firm's continued shift in production to North American capacity signals a wider trend of Japan’s automakers to battle currency-related losses by moving operations.

    | Jan. 20, 2012, 12:43 PM | 2 Comments
CARZ Description
Investment Objective/Strategy - The First Trust NASDAQ Global Auto Index Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of an equity index called the NASDAQ OMX Global Auto Index.

There can be no assurance that the Fund's investment objectives will be achieved.

* The index is a modified market-capitalization weighted index that includes securities of companies that are classified as an Automobile Manufacturer.

* To be included in the index, a security must meet the following criteria:
o listed on an index-eligible global stock exchange,
o have a minimum worldwide market capitalization of at least $500 million,
o have a minimum three-month average daily dollar trading volume of $1 million.

* The index employs a modified market cap weighting methodology in which larger companies receive a larger index weighting. The index weighting methodology includes caps to prevent high concentrations among larger stocks.

* The index is reconstituted annually and rebalanced quarterly.
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