First Trust overhauls investment objective on smart beta ETFs

Three funds affected

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

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...

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 ETFs

Alternative proteins primary area for investment.

VanEck launches space and sustainable food ETFs

Space tourism and food tech

clock 29 June 2022 • 2 min read
JPMorgan Climate Change Solutions UCITS ETF (T3MP) invests in companies developing and scaling climate solutions.

JP Morgan AM launches UK active ETFs

First active UK equities UCITS ETF to market

clock 21 June 2022 • 2 min read
BlackRock has launched the index fund with circa €50m seed.

BlackRock launches Paris-aligned fixed income ETF

$1bn AuM in sustainable strategies

clock 14 June 2022 • 1 min read
Trustpilot