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First Trust Introduces 7 Single-Country ETFs

tlydon@globaltrend.com (Tom Lydon)

First Trust listed seven new exchange traded funds on Wednesday tied to single-country equity benchmarks, and plans to follow up with more ETF launches later this week.

The funds that started trading Wednesday are:

  • First Trust Australia AlphaDEX Fund (NYSEArca: FAUS - News)
  • First Trust Canada AlphaDEX Fund (NYSEArca: FCAN - News)
  • First Trust Germany AlphaDEX Fund (NYSEArca: FGM - News)
  • First Trust Hong Kong AlphaDEX Fund (NYSEArca: FHK - News)
  • First Trust Switzerland AlphaDEX Fund (NYSEArca: FSZ - News)
  • First Trust Taiwan AlphaDEX Fund (NYSEArca: FTW - News)
  • First Trust United Kingdom AlphaDEX Fund (NYSEArca: FKU - News)

The tracking indexes use a stock-selection methodology based on fundamental growth and value factors. The approach seeks to outperform traditional, market-cap weighted benchmarks.

On Thursday, First Trust intends to launch First Trust Developed Markets ex-US Small Cap AlphaDEX Fund (NYSEArca: FDTS - News) and First Trust Emerging Markets Small Cap AlphaDEX Fund (NYSEArca: FEMS - News).

After this week’s new listings, the firm will oversee 39 ETFs — 18 international, 12 size and style funds, and 9 sector funds.