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Five First Trust ETFs approved for sale in Mexican pension plans

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Mexican pension funds investment regulator, La Comisión Nacional del Sistema de Ahorro para el Retiro (CONSAR), has approved five additional First Trust ETFs for sale to Mexican funded pensions, known as AFORES.

In accordance with Mexico’s pension plan investment guidelines, CONSAR must approve an ETF before it can be purchased in a pension fund. They previously approved two First Trust ETFs.
 
The newly approved ETFs are: First Trust STOXX European Select Dividend Index Fund (Ticker: FDD); First Trust Dow Jones Internet Index Fund (Ticker: FDN); First Trust Financials AlphaDEX Fund (Ticker: FXO); First Trust Morningstar Dividend Leaders Index Fund (Ticker: FDL); and First Trust ISE Chindia Index Fund (Ticker: FNI).
 
The previously approved ETFs are First Trust Large Cap Value AlphaDEX Fund (Ticker: FTA); and First Trust Large Cap Core AlphaDEX Fund (Ticker: FEX).
 
The ETFs provide additional choices for local pension managers as well as a means to diversify risk with a product that generally involves lower costs than traditional mutual funds.
 
“Mexico is truly a market to watch. We continue to be impressed by the evolving Mexican pension system and are thrilled to be able to offer investors five additional options for diversification,” says Codie Sanchez-Baker, head of First Trust Latin America investment distribution. “Our hope is to provide unique ideas to match the unique needs of these investors. It’s an honour to be part of the investment community in Mexico and we consider it a privilege and a responsibility to be taken very seriously.”

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