First Trust takes first steps into EU ETF market

First Trust has made its first foray into the European ETF market launching a range of Ucits-compliant offerings benchmarked against UK, US and emerging market equities indices.

First Trust takes first steps into EU ETF market

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The firm has been managing ETF funds targeting the US market since 2005 and currently manages $10.6bn in ETF assets. It announced its intention to enter the European ETF market in February.

The First Trust United Kingdom AlphaDEX Ucits is benchmarked against the FTSE 100, the US Large Cap Core AlphaDEX Ucits against the S&P 500 and the Emerging Markets AlphaDEX Ucits against the MSCI Emerging Markets Index.

The funds are listed on the London and Irish Stock Exchanges and are structured under an Irish Ucits IV company.

Eric Anderson, vice president for First Trust, said:“These new ETFs are designed to provide investors with targeted equity market exposure while seeking to generate positive alpha relative to the broad-based passive index from which it selects its stocks. Every step in the process is driven by a transparent, repeatable quantitative process.”

 

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