First Trust Switches Seven AlphaDEX® ETFs to The Nasdaq Stock Market
November 13 2015 - 11:48AM
Nasdaq announced that First Trust recently transferred seven
AlphaDEX® exchange traded-funds (ETFs) from NYSE Arca to The Nasdaq
Stock Market®. Each fund listed and will continue to trade its
shares on Nasdaq under the same ticker symbol as was used on NYSE.
“As a leader in listing and trading, we’re always looking for
ways to help ETF issuers like First Trust grow their business,”
said Salil Donde, Executive Vice President, Nasdaq Global
Information Services. “Earlier this year, we collaborated with
First Trust to transfer 10 AlphaDEX® ETFs to the Nasdaq
Marketplace, and are pleased to expand our relationship to include
seven additional products. The switch of these funds to the Nasdaq
Indexes, reinforces our successful partnership and underlying
commitment to provide powerful solutions to all ETF issuers.”
Each fund will seek investment results that correspond generally
to the price and yield (before the Fund’s fees and expenses) of a
Nasdaq AlphaDEX® Equity Index (each, a “New Index”). Each New Index
is a modified equal-dollar weighted index developed and maintained
by Nasdaq that may generate positive alpha relative to traditional
passive-style indices through the use of the AlphaDEX® selection
methodology. Accordingly, the Funds’ Index Provider will change to
Nasdaq.
Fund Name |
Ticker |
New Index |
First Trust Developed Markets Ex-US AlphaDEX Fund |
FDT |
NASDAQ
AlphaDEX® Developed Markets Ex-US Index |
First Trust Developed Markets ex-US Small Cap AlphaDEX Fund |
FDTS |
NASDAQ
AlphaDEX® Developed Markets ex-US Small Cap Index |
First Trust Emerging Markets AlphaDEX Fund |
FEM |
NASDAQ
AlphaDEX® Emerging Markets Index |
First Trust Emerging Markets Small Cap AlphaDEX Fund |
FEMS |
NASDAQ
AlphaDEX® Emerging Markets Small Cap Index |
First Trust Europe AlphaDEX Fund |
FEP |
NASDAQ
AlphaDEX® Europe Index |
First Trust Latin America AlphaDEX Fund |
FLN |
NASDAQ
AlphaDEX® Latin America Index |
First Trust Asia Pacific Ex-Japan AlphaDEX Fund |
FPA |
NASDAQ
AlphaDEX® Asia Pacific Ex-Japan Index |
“The AlphaDEX index methodology aims to provide better
long-term, risk-adjusted returns than traditional market-cap
weighted indices, by both selecting and weighting portfolios on the
basis of investment merit, rather than size,” said Ryan Issakainen,
CFA, Senior Vice President and ETF Strategist at First Trust.
Nasdaq operates an efficient platform for successfully
introducing a product suite into one of the single largest pools of
liquidity, including market participants that represent a full
spectrum of investors. ETF issuers benefit from an end-to-end
solution that provides ongoing product support including index
licensing, listings opportunities, data offerings and trading
services. As the home to some of the world's most innovative
ventures, Nasdaq generates opportunities for issuers to access new
markets and deliver new concepts that change the way the industry
develops, manages and applies ETFs.
About First Trust:
First Trust Advisors L.P., along with its affiliate First Trust
Portfolios L.P., are privately held companies which provide a
variety of investment services, including asset management and
financial advisory services, with collective assets under
management or supervision of approximately $119 billion as of May
31, 2015 through unit investment trusts, exchange-traded funds,
closed-end funds, mutual funds and separate managed accounts. First
Trust is based in Wheaton, Illinois. For more information, visit
http://www.ftportfolios.com.
About Nasdaq:
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing,
exchange technology, listing, information and public company
services across six continents. Through its diverse portfolio of
solutions, Nasdaq enables customers to plan, optimize and execute
their business vision with confidence, using proven technologies
that provide transparency and insight for navigating today's global
capital markets. As the creator of the world's first electronic
stock market, its technology powers more than 70 marketplaces in 50
countries, and 1 in 10 of the world's securities transactions.
Nasdaq is home to more than 3,600 listed companies with a market
value of approximately $9.6 trillion and more than 10,000 corporate
clients. To learn more, visit: nasdaq.com/ambition or
business.nasdaq.com.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements
that are made under the Safe Harbor provisions of the Private
Securities Litigation Reform Act of 1995. These statements include,
but are not limited to, statements about Nasdaq and its products
and offerings. We caution that these statements are not guarantees
of future performance. Actual results may differ materially from
those expressed or implied in the forward-looking statements.
Forward-looking statements involve a number of risks, uncertainties
or other factors beyond Nasdaq's control. These factors include,
but are not limited to factors detailed in Nasdaq's annual report
on Form 10-K, and periodic reports filed with the U.S. Securities
and Exchange Commission. We undertake no obligation to release any
revisions to any forward-looking statements.
Nasdaq® is a registered trademark of Nasdaq, Inc. (which with
its affiliates and subsidiaries is collectively referred to as
Nasdaq) and is licensed for use with the First Trust AlphaDEX® ETFs
by First Trust Advisors L.P. The ETFs have not been passed on
by Nasdaq as to their legality or suitability, and the ETFs are not
issued, endorsed or sold by Nasdaq. Nasdaq makes no
warranties and bears no liability with respect to the ETFs.
Nothing contained herein should be construed as investment
advice from Nasdaq, either on behalf of a particular financial
product or an overall investment strategy. Nasdaq makes no
recommendation to buy or sell any financial product or any
representation about the financial condition of any company or
fund. Investors should undertake their own due diligence and
carefully evaluate financial products before investing. ADVICE FROM
A SECURITIES PROFESSIONAL IS STRONGLY ADVISED
NDAQG
First Trust Media Contact:
Ryan Issakainen
+1 (630) 765-8689
Rissakainen@ftadvisors.com
Nasdaq Media Contact:
Peter Gau
+1 (212) 231-5475 (office)
+1 (646) 633-3246 (mobile)
Peter.gau@nasdaq.com
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