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Rating:First Trust Adds an ETF to the Amex Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, November 27, 2007

First Trust Adds an ETF to the Amex

News summary by MFWire's editors

The First Trust Dow Jones Global Select Dividend Index Fund has begun trading on the Amex. The new fund is First Trust's 29th fund listed on the exchange.

The American Stock Exchange® (Amex®) today announced that it has launched trading in the First Trust Dow Jones Global Select Dividend Index Fund (Amex: FGD) by First Trust Advisors L.P. (First Trust).

“The First Trust Dow Jones Global Select Dividend Index Fund provides investors with an exciting new opportunity for global equity exposure,” said Scott Ebner, Senior Vice President of the Amex ETF Marketplace. “The Amex takes great pride in welcoming First Trust’s 29th ETF listing to the Exchange.”

FGD seeks investment results that correspond generally to the price and yield, before fees and expenses, of the Dow Jones Global Select Dividend Index which is a dividend weighted index of 100 stocks selected from the Dow Jones World Index and includes high-dividend yielding companies covering approximately 95% of the underlying market capitalization of countries determined by Dow Jones & Company, Inc.

Dan Waldron, SVP and Head of ETFs at First Trust said, “We are extremely pleased to continue our long-time relationship with the leading index provider, Dow Jones Indexes. What’s more, we’re excited to provide our advisor clients with a new fund offering investors an attractive way to gain global exposure with dividend-paying stocks.”

The specialist for the FGD is Kellogg Capital Group, LLC.

About the American Stock Exchange

The American Stock Exchange® (Amex®) offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRSSM. In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 376 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit www.amex.com  

Edited by: Erin Kello

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