May 10, 2007 at 3:10 pm by Tom Lydon
First Trust launched 16 AlphaDEX exchange traded funds (ETFs) today. According to the press release, the ETFs are designed to track the performance of a group of custom "enhanced" indexes. Seven are created and administered by Standard & Poor’s. Nine are sector based, equal-dollar weighted and follow Amex’s StrataQuant family of indexes.
In addition to the AlphaDEX ETFs, First Trust launched the S&P REIT Index (FRI). This launch brings the ETF provider to 29 ETF products.
Tags: REITs, Sector ETFs
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