First Trust overhauls investment objective on smart beta ETFs

Three funds affected

James Baxter-Derrington
The funds will focus on a range of new technologies, including 5G and clean energy

The funds will focus on a range of new technologies, including 5G and clean energy

First Trust has switched the investment objective on a trio of smart beta funds from a country-specific focus to various themes and has appointed a new index for each one.

Formerly part of its AlphaDEX range of products, each fund has seen its investment objective and policy changed to follow a thematic benchmark, from 5G to clean energy. First Trust launches biotech and cybersecurity ETFs First Trust Japan AlphaDEX UCITS ETF has become First Trust Indxx Next G UCITS ETF and will now provide exposure to companies dedicated to the research, development and application of 5G. Comprising up to 100 securities, it will track the Indxx 5G & NextG Thematic index, dropping its former NASDAQ AlphaDEX Japan index, as the manager believes a 5G fund will be "mor...

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