EWT has a smart beta rival in the form of the First Trust Taiwan AlphaDEX (NYSEArca: FTW).
“FTW’s benchmark index selects securities from the NASDAQ Taiwan Index and seeks to generate positive alpha by using the AlphaDEX methodology. Under normal market conditions, FTW invests at least 90% of its total net assets in American depositary receipts (ADRs), common stocks and global depositary receipts (GDRs) comprising its underlying index,” adds Investopedia.
The First Taiwan ETF is up 18.1% over the past three months.
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