First Trust Launches Eurozone Smart Beta ETF

October 21, 2014

Exchange traded fund provider First Trust has launched a new ETF that will use fundamental growth and value factors to give investors access to the Eurozone.

The First Trust Eurozone AlphaDEX UCITS ETF is a sub-fund of the firm’s existing AlphaDEX ETF range, which focuses on UK, U.S. and Emerging Markets indexes.

The ETF will track the NASDAQ AlphaDEX Euroxone index, which is an ‘enhanced’ version of the NASDAQ Eurozone index and employs the AlphaDEX stock selection methodology which selects certain stocks from the index and aims to outperform the benchmark. It uses fundamental growth and value factors to objectively select stocks. Individual stock weightings are determined by investment merit rather than market capitalisation.

Derek Fulton, CEO, First Trust Global Portfolios, said in a statement: “We are delighted that the launch of First Trust Eurozone AlphaDEX® Fund augments our product offering and marks another important step in First Trust’s expansion in the UK and Europe. This expansion will continue, with other launches planned as we increase the UCITS range to provide access to the breadth and depth of our unique AlphaDEX® ETFs.”

First Trust have been very bullish on Europe and earlier this year said they were looking to launch more ETFs. The provider entered the European market last year with the launch of three ETFs on the London Stock Exchange. Its current offering now includes four ETFs: the First Trust Eurozone AlphaDEX® UCITS ETF (FEUZ), which tracks the MSCI EMU, the First Trust United Kingdom AlphaDEX® UCITS ETF (FKU), which tracks the FTSE 100 Index, the First Trust US Large Cap Core AlphaDEX® UCITS ETF (FEX) tracking the S&P 500 Index, and the First Trust Emerging Markets AlphaDEX® UCITS ETF (FEM) tracking the MSCI Emerging Markets Index.



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