Deutsche Börse welcomes First Trust Global Funds as new ETF issuer….
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The first equity index ETF from First Trust has been tradable via Xetra and Börse Frankfurt since Wednesday. Smart beta ETFs enable European investors to participate in the performance of the NASDAQ AlphaDEX Germany Index with the aim of generating positive alpha compared to indices traditionally weighted by market capitalisation.
The NASDAQ AlphaDEX Germany Index comprises 40 companies with registered offices in Germany that are included in the underlying NASDAQ Germany Index. Companies are selected using the AlphaDEX method, taking into account growth factors such as share price performance, revenue growth, price-to-sales ratio as well as value growth factors, such as price-to-book and price-to-cash-flow ratios, and return on capital.
Name: First Trust Germany AlphaDEX UCITS ETF
Asset class: equity index ETF
Total expense ratio: 0.65 percent
Distribution policy: accumulating
Reference index: NASDAQ AlphaDEX Germany Index
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,145 exchange traded funds. This selection, together with an average monthly trading volume of around €16 billion, makes Xetra Europe’s leading trading venue for ETFs.