First Trust Launches the First Trust Indxx Innovative Transaction and Process ETF
March 23 2018 - 7:46AM
FT Portfolios Canada Co. ("
First Trust Canada"), a
privately owned company is pleased to announce the launch of
the First Trust Indxx Innovative Transaction and Process
ETF (TSX:BLCK).
The First Trust Indxx Innovative Transaction and
Process ETF seeks to replicate, to the extent possible, the
performance of an innovative transaction and process index.
Currently, the First Trust Indxx Innovative Transaction and Process
ETF seeks to replicate, to the extent possible, the performance of
the Indxx Blockchain Index, net of expenses. The First Trust Indxx
Innovative Transaction and Process ETF will obtain exposure to the
Indxx Blockchain Index by investing in the First Trust Indxx
Innovative Transaction & Process ETF, a US-listed index ETF
which itself seeks to replicate or substantially replicate the
performance of such index.
The index, which is created and administered by
Indxx, LLC, seeks to track the performance of exchange-listed
companies in various industries with their primary listing in
developed or emerging market countries that are actively using,
investing in, developing or have products that are poised to
benefit from blockchain technology and/or the potential for
increased efficiency that it provides to various business
processes. The index seeks to include only companies that have
devoted material resources to the use of blockchain technologies.
To be included in the index, a company must meet strict eligibility
criteria which include market capitalization and trading minimums.
The index construction process sorts the companies into categories
based on their exposure to blockchain technology and selects only
those companies which are actively investing resources into
products or services that use blockchain technology. The selected
companies are equally weighted within their category and the index
is capped at 100 companies.
Blockchain is the technology that underpins
digital currencies, like bitcoin, but it has many more possible
uses with the potential to move data of any kind swiftly and
securely. “Although blockchain is still in its early stages, it
promises to disrupt a variety of industries, potentially improving
efficiency and security, while also reducing or removing the need
for intermediaries,” said Karl Cheong, CFA, Head of Distribution at
First Trust Canada. “This ETF enables investors to gain exposure to
a diversified portfolio of companies that are involved in this
cutting edge innovation,” Cheong said.
About First Trust
The First Trust companies are a well-respected global enterprise
with a history in the U.S. market since 1991 and
in Canada since 1996. As at February 28, 2018,
First Trust Advisors L.P., the portfolio advisor for the First
Trust Indxx Innovative Transaction and Process ETF, oversees more
than US$122 billion total assets under supervision or
management. First Trust is the enterprise name used for the
various businesses conducted
in Europe, Mexico, Canada and the U.S.
Further information about First Trust Canada's ETFs can be found
at www.firsttrust.ca
Commissions, management fees and expenses all may be associated
with investments in exchange traded funds. Please read the
prospectus before investing. Exchange traded funds are not
guaranteed, their values change frequently and past performance may
not be repeated.
For further information: Media Contact: Karl Cheong FT
Portfolios Canada Co., 40 King Street West, Suite 5102, Email:
karlcheong@firsttrust.ca, 1-877-622-5552
First Trust Indxx Innova... (TSX:BLCK)
Historical Stock Chart
From Apr 2024 to May 2024
First Trust Indxx Innova... (TSX:BLCK)
Historical Stock Chart
From May 2023 to May 2024