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First Trust lists Eurozone AlphaDEX ETF on Nasdaq


First Trust has listed a new exchange-traded fund, the First Trust Eurozone AlphaDEX ETF (FEUZ), on The Nasdaq Stock Market.

FEUZ began trading on Nasdaq on 22 October 2014.
"The AlphaDEX index methodology aims to provide better long-term, risk-adjusted returns than traditional market-cap weighted indices," says Ryan Issakainen, senior vice president and ETF strategist at First Trust. "This ETF joins First Trust's existing line-up of 39 other AlphaDEX ETFs, in providing stock selection and weightings based on investment merit, rather than size."
FEUZ is an exchange-traded fund that seeks investment results that correspond generally to the price and yield, before the fund's fees and expenses, of the Nasdaq AlphaDEX Eurozone Index. The fund is based on a custom enhanced index which employs the proprietary, rules-based AlphaDEX fundamental stock selection methodology.
FEUZ provides a way to gain exposure to the potential opportunity in Eurozone equities without having to choose individual companies. By providing additional features such as tax efficiency, exchange-traded liquidity and transparency, the fund offers an alternative strategy to active management when seeking alpha.
"We are pleased to launch FEUZ with our good partners at First Trust and are thrilled they chose The Nasdaq Stock Market to list and trade their ETFs," says Walt Smith, vice president, head of US equities at Nasdaq. "We will continue to support First Trust as they expand their robust product offering and gain exposure to traders that participate in multiple asset classes and execution platforms globally."

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