Focus Five ETF Could Get an International Brother

The First Trust Dorsey Wright Focus 5 Fund (NasdaqGM: FV) is off to a fast start and the new ETF’s success apparently has First Trust mulling the addition of an international equivalent.

Illinois-based First Trust has filed plans to launch the First Trust Dorsey Wright International Focus 5 ETF. A filing with the Securities and Exchange Commission indicates the First Trust Dorsey Wright International Focus 5 ETF will trade on the NASDAQ under the ticker “IFV” and that it will feature total annual fund operating expenses of 1.1%.

ETF filings featuring expense ratios and tickers are often a sign the fund is close to coming to market.

IFV will be comprised of five First Trust international ETFs displaying positive relative strength ETFs, the same approach FV takes to First Trust sector and industry ETFs.

The filing did not specify which First Trust ETFs could be included in the new ETF, but the issuer has an extensive lineup of diversified and single-country offerings.

Those ETFs include the $891 million First Trust Europe AlphaDEX Fund (NYSEArca: FEP) and the $485.6 million First Trust Emerging Markets AlphaDEX Fund (NYSEArca: FEM).