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First Trust to launch NASDAQ CEA Cybersecurity ETF

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First Trust Advisors is to launch a new exchange-traded fund (ETF), the First Trust NASDAQ CEA Cybersecurity ETF which will seek results that correspond generally to the price and yield of the Nasdaq CEA Cybersecurity Index.

Cybersecurity is gaining global attention following recent high profile security breaches. With the heightened need for cybersecurity solutions, First Trust believes this could be a favourable time to invest in cybersecurity companies. The index is designed to track the performance of companies engaged in the cybersecurity segment of the technology and industrials sectors. It includes companies primarily involved in the building, implementation, and management of security protocols applied to private and public networks, computers, and mobile devices in order to provide protection of the integrity of data and network operations.

“Along with the clear benefits of an increasingly interconnected world comes the growing need to ensure the security of cyberspace,” says Ryan Issakainen, CFA, Senior Vice President, Exchange-Traded Fund Strategist at First Trust. “This presents significant opportunities for companies involved with this task, many of which are not represented in traditional index ETFs. We believe this ETF provides a diversified, efficient way for investors to gain exposure to this important theme.”

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