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First Trust Global Portfolios launches First Trust Global AlphaDEX UCITS ETF


First Trust Global Portfolios Limited, a London-based ETF distributor and advisor, announced that it has launched the First Trust Global AlphaDEX UCITS ETF on the Euronext Paris on 31 August 2015 (FGBL FP) and on the London Stock Exchange on 1 September 2015 (FGBL LN).

The Fund is based on the NASDAQ AlphaDEX Global Index, which employs the patented, rules-based AlphaDEX stock selection methodology to objectively select stocks from the NASDAQ Developed Markets Index.
“We are delighted to bring to market in Europe the First Trust Global AlphaDEX UCITS ETF. With this launch, investors now have a single ticker solution to investing globally using the proven AlphaDEX multi-factor methodology,” says Derek Fulton (pictured), CEO of FTGP.
The Fund offers European investors the same advantages FTGP’s existing lineup of five other AlphaDEX ETFs provide by selecting and weighting stocks based on investment merit, rather than size. Similar to active management, the goal of the AlphaDEX methodology is to use fundamental growth and value factors to identify stocks which exhibit the characteristics that enable them to provide the greatest potential for capital appreciation. Unlike traditional market-capitalisation indices which overweight larger companies simply because of their size, the AlphaDEX index methodology gives higher ranked stocks a higher weight within the Index. The aim of the AlphaDEX index methodology is to provide better long-term, risk-adjusted returns than those traditional market-capitalisation weighted indices.

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