First Trust to Launch New International ETFs

First Trust is coming out with two new exchange traded funds (ETFs) that are scheduled to launch Aug. 30th: the First Trust DJ STOXX Select Dividend 30 Index Fund (FDD) and the First Trust FTSE EPRA/NARIET Global Real Estate Index Fund (FRR).

FDD will track the Dow Jones STOXX Select Dividend 30 Index, which weighs companies in it by their dividends. It comprises 30 high-dividend yielding stocks across 18 European countries. FDD’s net expense ratio is 0.6%. Top holdings include Lloyds TSB Group at 5.8%, Vodafone Group at 5.5% and United Utilities at 5.3%. Financials make up the most of FDD at 38.5%, followed by telecommunication services at 23.0% and utilities at 12.2%.

FRR will track the FTSE EPRA/NAREIT Global Real Estate Index that is designed to measure the stock performance of real estate-based companies in North America, Europe and Asia. The index holds stocks based on market capitalization, and it is rebalanced and reconstituted quarterly. FFR’s net expense ratio is 0.6%. Top holdings include Westfield Group Australia at 3.4%, Mitsubishi Estate at 3.2% and Mitsui Fudosan at 2.8%. The U.S. has the largest weighting in FRR at 37.9%, followed by Japan at 12.7% and Australia at 12.0%.