The Chilean pension funds investment risk rating commission, La Comisión Clasificadora de Riesgo (CCR), has approved six additional First Trust ETFs for sale to Chilean pension funds, known as la Asociación de Administradoras de Fondos de Pensiones (AFPs).
The CCR previously approved two First Trust ETFs last year. According to Chile’s pension plan investment guidelines, before an ETF can be purchased in a pension fund, it must be approved by the CCR.
“We’re amazed and inspired by how our institutional clients in Chile use our products and services to solve problems and develop long-term strategies for investing on behalf of their clients,” says Codie Sanchez-Baker, Head of Latin America and US Offshore Distribution at First Trust. “In an effort to continue to support the Chilean AFPs in particular, we are thrilled to now have eight ETFs available for Chilean pension managers to utilize as they help their participants reach their investment goals.”
The six newly approved ETFs are:
First Trust Consumer Discretionary AlphaDEX Fund (FXD)
First Trust Health Care AlphaDEX® Fund (FXH)
First Trust Financials AlphaDEX® Fund (FXO)
First Trust Europe AlphaDEX® Fund (FEP)
First Trust ISE Cloud Computing Index Fund (SKYY)
First Trust Dow Jones Internet Index Fund (FDN)
The previously approved ETFs are:
First Trust Large Cap Value AlphaDEX Fund (FTA)
First Trust Large Cap Core AlphaDEX Fund (FEX)