First Trust announces the launch of the new UCITS ETF, based on one of our best-selling and long-standing US Strategies, that accumulated $4bn in flows in 2019…..
Name: First Trust Value Line® Dividend Index UCITS ETF
Asset class: equity index ETF
Ongoing charges p.a.: 0.70 percent
Distribution policy: accumulating
Reference index: NASDAQ AlphaDEX Eurozone Index
The Fund investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called the Value Line® Dividend Index.
In order to achieve its investment objective, the investment policy of this Fund is to invest at least 90% of its net assets in the common stocks and depositary receipts that comprise the Index or in depositary receipts that may include American Depositary Receipts, Global Depositary Receipts, European Depositary Receipts representing securities in the Index where direct investment in a constituent security of the Index is not possible.
FVD tracks the Value Line® Dividend Index, and is simply designed to eliminate any stocks that fail to achieve a 1 or 2 rank and locate the highest paying dividend stocks within the universe.