ETF Watch: First Trust Plans Dividend Family

The six ETFs will target dividend-paying stocks.
Reviewed by: Staff
Edited by: Staff

First Trust has filed for a family of ETFs that will be derived from the Nasdaq’s cap-weighted global indexes and target dividend-paying stocks. The six funds will list on the Nasdaq stock exchange and include the following:

  • Developed International Equity Select ETF                           
  • Emerging Markets Equity Select ETF                                  
  • Large Cap US Equity Select ETF                                      
  • Mid Cap US Equity Select ETF                                        
  • Small Cap US Equity Select ETF                                      
  • US Equity Dividend Select ETF                                       

Each fund’s index will select its stocks from the cap-weighted parent index and screen out those components that have not paid out a dividend in the preceding 12 months. The fund index replicates the parent index’s sector weightings. All but one of the fund indexes will equal-weight the components in each sector; the US Equity Dividend Select ETF’s index will weight the components in each of its sectors by yield.

The proposed fund family combines a focus on dividends with an alternative weighting approach.

The filing did not include tickers or expense ratios.

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