Bringing you live news and features since 2006 

First Trust launches Canada’s first European ETF


FT Portfolios Canada has launched the common and advisor class of units of the First Trust AlphaDEX European Dividend Index ETF (CAD-Hedged).

The First Trust ETF seeks to replicate, to the extent possible, the performance of the AlphaDEX European Dividend Index, net of expenses.
The investment strategy of the First Trust ETF is to invest in and hold the constituent securities of the AlphaDEX European Dividend Index in the same proportion as they are reflected in the index or securities intended to replicate the performance of the index.
The First Trust ETF will generally seek to hedge substantially all of its US dollar, British pounds sterling, euros and Swiss francs currency exposure associated with its portfolio investments back to the Canadian dollar.
"First Trust Canada is pleased to offer Canadians the first European equity ETF to be listed on the TSX,” says Fraser Howell, CEO and president of FT Portfolios Canada. “Europe is home to some of the most iconic and recognisable global brands in the world and despite the recent recession, dozens of best-in-class companies in Europe have done well and could continue to do well.”
“Relative to the US, European stocks are trading at very attractive valuations based on low price to book ratios and high dividend yields," says Karl Cheong, senior vice president head of ETF product development. "European corporate earnings are still 35 per cent below peak levels obtained in 2007, so there is significant potential for them to grow.”

Latest News

ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..
Investors urgently need greater access to diversified investment strategies aligned with the Paris Agreement on climate change if the world..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by