First Trust plans to offer a total of 13 new exchange traded funds (ETFs) using its popular AlphaDex indexes.
Nine of them are focused overseas in developed regions as well as emerging markets.
The company’s AlphaDex benchmarks amount to an “active” security-selection system that takes existing indexes and tweaks methodologies to try to create a better-performing product, reports Olivier Ludwig for Index Universe.
The proposed ETFs, minus ticker symbols, include:
- First Trust Asia Pacific Ex-Japan AlphaDex Fund
- First Trust Europe AlphaDex Fund
- First Trust Latin America AlphaDex Fund
- First Trust Brazil AlphaDex Fund
- First Trust China AlphaDex Fund
- First Trust Japan AlphaDex Fund
- First Trust South Korea AlphaDex Fund
- First Trust Developed Markets Ex-US AlphaDex Fund
- First Trust Emerging Markets AlphaDex Fund
- First Trust Mid Cap Growth AlphaDex Fund
- First Trust Mid Cap Value AlphaDex Fund
- First Trust Small Cap Growth AlphaDex Fund
- First Trust Small Cap Value AlphaDex Fund
Meanwhile, Van Eck has plans for a slate of funds that give exposure to the small- and mid-sized companies in Germany and Russia.
Market Vectors Germany Mid-Cap and Market Vectors Germany Small-Cap are the first ETFs to give exposure to smaller corporations in Germany. Van Eck is no stranger to Russia, however: it’s had the Market Vectors Russia (NYSEArca: RSX) since 2007. Now Market Vectors Russia Small-Cap will join it.
Tisha Guerrero contributed to this article.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.