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Wednesday, April 20, 2011

First Trust Unveils 13 ETFs

Reported by Armie Margaret Lee

First Trust Advisors [see profile] has expanded its line of AlphaDEX exchange-traded funds. The Wheaton, Illinois-based firm yesterday rolled out nine international ETFs and today unveiled four domestic equity ETFs.

The back-to-back launches this week bring the total number of AlphaDEX ETFs to 29. First Trust debuted the AlphaDEX ETF product line in May 2007. The ETFs seek to track the performance of a group of custom enhanced indexes that use the proprietary AlphaDEX stock selection methodology.

Expense ratios are 80 basis points for the international ETFs and 70 bps for the domestic offerings.

"The ETF market has become synonymous with beta," noted Dan Waldron, senior vice president and ETF strategist. "Our AlphaDEX family is designed to change the story. We want to give advisors products that deliver alpha. Most advisors still believe in alpha."

Before this week, there were no international ETFs on the AlphaDEX roster.

"We've always wanted to include international AlphaDEX ETFs in our product line," said Ryan Issakainen, senior vice president and ETF strategist. "Part of the reason we felt it was a good time to do that is we've had a lot of success both in performance, as well as raising assets, in our domestic ETFs. Investors have seen our process, they've seen it works well."

The AlphaDEX ETFs have more than $2.8 billion of AUM.

Aside from the 29 AlphaDEX ETFs, First Trust offers 28 other ETFs and two mutual funds, among other products.
Company Press Release

First Trust Advisors Announces Thirteen New AlphaDEX® ETF Products Begin Trading on NYSE Arca

NEW YORK--(BUSINESS WIRE)--First Trust Advisors L.P. (“First Trust”) announces nine new international exchange-traded funds (ETFs) began trading today on NYSE Arca. These new ETFs join the current line-up of 16 AlphaDEX® funds trading on the NYSE Arca. Four core equity domestic ETFs round out the family with small- and mid- cap funds. These four funds will begin trading on April 20th.

AlphaDEX® International

  • FPA First Trust Asia Pacific Ex-Japan AlphaDEX® Fund
  • FEP First Trust Europe AlphaDEX® Fund
  • FLN First Trust Latin America AlphaDEX® Fund
  • FBZ First Trust Brazil AlphaDEX® Fund
  • FCA First Trust China AlphaDEX® Fund
  • FJP First Trust Japan AlphaDEX® Fund
  • FKO First Trust South Korea AlphaDEX® Fund
  • FDT First Trust Developed Markets Ex-US AlphaDEX® Fund
  • FEM First Trust Emerging Markets AlphaDEX® Fund

    AlphaDEX® Domestic

    FNY First Trust Mid Cap Growth AlphaDEX® Fund
  • FNK First Trust Mid Cap Value AlphaDEX® Fund
  • FYC First Trust Small Cap Growth AlphaDEX® Fund
  • FYT First Trust Small Cap Value AlphaDEX® Fund

    "We are excited to add these thirteen new funds to the AlphaDEX® family of ETFs, nearly doubling the existing line-up," said Dan Waldron, Senior Vice President, Exchange-Traded Funds Strategist of First Trust. "The AlphaDEX® funds are designed to do what their name implies: generate Alpha, and we are pleased with their track record since the bottom of the market in February 2009," he continued. "The nine new funds comprising the AlphaDEX® International line-up are a diverse group of broad, regional and single country funds. We believe the positive effects of globalization are going to continue for years to come and investors may benefit from a globally diversified investment portfolio, particularly in the emerging markets where GDP growth for 2011 is projected to be 6.4%, compared to 2.2% for advanced economies, according to the International Monetary Fund," Waldron concluded.

    About AlphaDEX® ETF product line

    The AlphaDEX® ETF product line was initially launched in May of 2007. Prior to the addition of these 13 funds, the line-up consisted of 16 domestic funds with over $2.8 billion in assets currently under management. The entire First Trust family of ETFs has over $7.4 billion in assets as of 3/31/11.

    The AlphaDEX® funds are designed to track the performance of a group of custom "enhanced" indexes which employ the proprietary, rules-based AlphaDEX® fundamental stock selection methodology. The AlphaDEX® methodology is relatively simple and uses only three growth factors and three value factors.

    The index each AlphaDEX® fund tracks is designed to generate Alpha and provide a higher return than a traditional Beta index.

    A complete analysis of performance of the AlphaDEX® funds is available at: http://www.ftportfolios.com/Common/ContentFileLoader.aspx?ContentGUID=eddd1a72-5f2e-48e9-b85d-953e3cf9cf5b

    About First Trust Advisors L.P.

    First Trust Advisors L.P., the Funds' investment advisor, along with its affiliate First Trust Portfolios L.P., are privately-held companies which provide a variety of investment services, including asset management, financial advisory services, and municipal and corporate investment banking, with collective assets under management or supervision of approximately $48 billion as of March 31, 2011 through closed-end funds, unit investment trusts, exchange-traded funds, mutual funds and separate managed accounts. For more information, please visit www.ftportfolios.com
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