ETFWorld.co.uk

New First Trust ETF launched on Xetra

Smart beta ETF provides access to US large caps…


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The First Trust US Large Cap Core AlphaDEX® UCITS ETF has been tradable on Xetra and Börse Frankfurt since Wednesday. It is based on the NASDAQ AlphaDEX® Large Cap Core Index.

The aim of the index is to generate positive alpha compared to indices traditionally weighted by market capitalisation. The reference index accepts large-cap companies based in the USA which are members of the underlying NASDAQ US 500 Large Cap Index.

Companies are selected based on the patented AlphaDEX method, taking into account growth factors such as share price performance, revenue growth and price-to-sales ratio, and capital appreciation factors such as price-to-book and price-to-cash flow ratios, and return on capital.

Name: First Trust US Large Cap Core AlphaDEX UCITS ETF
Asset class: equity index ETF
ISIN: DE000A2DLXT7
Ongoing charges p.a.: 0.65 percent
Distribution policy: accumulating
Reference index: NASDAQ AlphaDEX Large Cap Core Index

Source: ETFWorld.co.uk

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