TORONTO, Sept. 17, 2014 /CNW/ - First Trust Canada plans
to broaden its family of Canadian domiciled exchange-traded funds
(ETFs) to sixteen with the addition of nine fundamentally weighted
U.S. sector ETFs. Each ETF will focus on a specific U.S. industry
sector tracking the StrataQuant® Indices which employ First Trust's
proprietary AlphaDEXTM methodology to stocks in the
Russell 1000 Index. First Trust expects to list the nine ETFs on
the Toronto Stock Exchange subject to meeting all regulatory and
TSX requirements. Initially the funds will offer hedged units
and will hedge U.S. dollar currency exposure back to the Canadian
dollar.
The nine new ETFs will have a management fee of up to 0.70% and
represent the following U.S. Sectors:
|
ETF
Name
|
Index
|
Ticker
Symbol
|
Annual
management
Fee
(% of
NAV)
|
|
First Trust
AlphaDEX™ U.S.
Consumer
Discretionary
Sector Index
ETF
|
StrataQuant®
Consumer
Discretionary
Index
|
FHD
|
up to
0.70%
|
|
First Trust
AlphaDEX™ U.S.
Consumer
Staples
Sector Index
ETF
|
StrataQuant® Consumer
Staples Index
|
FHC
|
up to
0.70%
|
|
First Trust
AlphaDEX™ U.S.
Energy Sector Index
ETF
|
StrataQuant® Energy
Index
|
FHE
|
up to
0.70%
|
|
First Trust
AlphaDEX™ U.S.
Financials
Sector Index ETF
|
StrataQuant®
Financials Index
|
FHF
|
up to
0.70%
|
|
First Trust
AlphaDEX™ U.S.
Health Care Sector
Index ETF
|
StrataQuant® Health
Care Index
|
FHH
|
up to
0.70%
|
|
First Trust
AlphaDEX™ U.S.
Industrials Sector
Index ETF
|
StrataQuant®
Industrials Index
|
FHG
|
up to
0.70%
|
|
First Trust
AlphaDEX™ U.S.
Materials Sector
Index ETF
|
StrataQuant®
Materials Index
|
FHM
|
up to
0.70%
|
|
First Trust
AlphaDEX™ U.S.
Technology Sector
Index ETF
|
StrataQuant®
Technology Index
|
FHQ
|
up to
0.70%
|
|
First Trust
AlphaDEX™ U.S.
Utilities Sector
Index ETF
|
StrataQuant®
Utilities Index
|
FHU
|
up to
0.70%
|
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. First Trust Advisors
L.P., the portfolio advisor for the First Trust
AlphaDEXTM ETFs, has more than US $100 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 http://www.firsttrust.ca
Commissions, management fees and expenses all may be
associated with investments in ETFs. Please read the prospectus
before investing. ETFs are not guaranteed, their values change
frequently and past performance may not be repeated.
StrataQuant® is a registered trademark of NYSE
Group, Inc. or its affiliates ("NYSE"). The Indices have been
licensed for use to FT Portfolios Canada Co. in connection with the
First Trust ETFs. FT Portfolios Canada Co. is not affiliated
with NYSE and the First Trust ETFs are not sponsored, endorsed,
sold or promoted by NYSE. NYSE makes no representations or
warranties regarding the First Trust ETFs or the ability of the
Indices to track general stock market performance.
SOURCE First Trust AlphaDEX™ U.S. Consumer Discretionary Sector
Index ETF