First Trust ETF

Top holdings as of May 24 include Raytheon company 2.2%, Illinois Tool Works 2.2%, Microsoft Corp 2.2%, Northrop Grumman Corp 2.2% and I.E. Du Ponte De Nemours and Co. 2.1%.

Sector allocations as of May 24 include industrials 22.8%, health care 19.4%, consumer goods 17.3%, consumer services 14.0%, technology 12.2%, financials 8.3%, oil & gas 4.0% and basic materials 2.1%.

First Trust believes that the new Capital Strength Index will help FTCS to provide investors with a better performance potential, with lower costs and access to underallocated component stocks or sectors, compared to existing fund products.

For more information on the ETF industry, visit our current affairs category.

Max Chen contributed to this article.