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First Trust launches Eurozone ETF on Euronext

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First Trust Global Portfolios has listed the First Trust Eurozone AlphaDEX UCITS ETF on Euronext Amsterdam, providing investors efficient exposure to stocks from the Eurozone.

It is the first so called multi-factor Eurozone ETF in Europe (physical based), meaning the ETF uses an investment strategy in which securities are selected based on fundamental factors instead of on size (market capitalisation).
 
The First Trust Eurozone AlphaDEX UCITS ETF allows investors to participate in the Nasdaq AlphaDEX Eurozone Index and aims to mirror its returns, by investing in stocks of companies as per their weightings in the index. With the addition of these products to its existing range of ETFs, Euronext currently has 612 ETFs listed on its markets.
 
Benjamin Fussien, head of ETFs and investment funds at Euronext, says: “We are glad to welcome First Trust Global Portfolios as a new issuer to our markets today. This ETF offers the fast growing number of ETF users in Europe unique exposure to stocks from the Eurozone in a flexible, transparent and cost-efficient investment way. Being part of this innovative product launch is a demonstration of our central role in facilitating product innovation.”
 
Derek Fulton, CEO, First Trust Global Portfolios, says: “We are delighted that the launch of First Trust Eurozone AlphaDEX ETF augments our product offering and marks another important step in First Trust’s expansion in the UK and Europe. This expansion will continue, with other launches planned as we increase the UCITS range to provide access to the breadth and depth of our unique AlphaDEX ETFs.”

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