First Trust takes on major players with launch of ETF range

clock

First Trust Advisors is planning to open up its $4.6bn enhanced index fund range to the UK market, taking on the likes of BlackRock and Vanguard in the ETF space.

The group is planning to launch a handful of its 39-strong AlphaDEX exchange traded funds (ETFs) under UCITS IV at the end of the first quarter, subject to regulatory approval. Unlike a traditional ETF, First Trust's enhanced index funds do not track an index by a company's market cap size. Instead, stocks are ranked according to value and growth factors. Dan Lindquist, managing director of First Trust, said the AlphaDEX range offers investors the opportunity to outperform stock markets. "We believe this is the optimal time to expand the range outside of the United States because o...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Recession will be the main focus in Q3

How to invest in a recession

Mild recession already priced in

clock 11 August 2022 • 4 min read
All the latest from the world of ESG investing

ESG Blog: UN secretary urged governments to impose windfall tax on 'immoral' energy companies

Round-up of ESG coverage

Investment Week
clock 04 August 2022 • 1 min read
The extraordinary general meeting (EGM) will take place on Friday 5 August.

Trian 1 story continues as shareholders call for support ahead of extraordinary general meeting

'Not fit for purpose'

clock 26 July 2022 • 4 min read
Trustpilot