FBT
First Trust NYSE Arca Biotechnology Index FundFBT Fund Description
The First Trust NYSE Arca Biotechnology ETF tracks an equal-weighted index of US biotechnology stocks.
FBT Factset Analytics Insight
FBT is a popular choice among biotech funds, managing to accumulate substantial assets despite taking a somewhat unusual approach to the segment. The underlying index contains only 30 names (increased from 20 in October 2014), which is more limited than some other funds in the segment, such as IBB and XBI. Exposure includes access to pharmaceuticals and medical technology in addition to traditional biotech, with a higher small-cap and midcap presence than our segment benchmark. The bias away from larger firms stems from the equally weighted basket, an approach that’s not unusual. Still, FBT’s equal weighting of about 30 stocks produces a relatively concentrated basket. FBT trades well with reasonably tight spreads and remains a formidable name in the biotechnology sector.
FBT MSCI ESG Analytics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of June 20, 2018 the First Trust NYSE Arca Biotechnology Index Fund MSCI ESG Fund Quality Score is 4.27 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. FBT ranks in the 17th percentile within its peer group and in the 13th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
FBT CHARTS AND PERFORMANCE
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FBT Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FBT. FBT is rated a 5 out of 5.
FBT Tradability
FBT Sector/Industry Breakdown
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FBT TOP 10 HOLDINGS[View All]
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FBT BENCHMARK COMPARISON SUMMARY
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FBT BENCHMARK COMPARISON MARKET CAP SIZE
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