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First Trust launches Switzerland AlphaDEX UCITS ETF


First Trust Global Portfolios (FTGP), a London-based exchange traded fund distributor and adviser, has launched the First Trust Switzerland AlphaDEX UCITS ETF on the SIX Swiss Exchange.

The fund is based on the NASDAQ AlphaDEX Switzerland Index and objectively selects stocks from the NASDAQ Switzerland Index using the patented, rules-based AlphaDEX methodology.
“We are delighted to launch the First Trust Switzerland AlphaDEX UCITS ETF,” says Derek Fulton, CEO of FTGP. “With this launch, our first listing on the SIX Swiss Exchange, we are bringing our proven AlphaDEX merit-based stock selection methodology to one of Europe’s largest economies.”
The AlphaDEX methodology is designed to use fundamental valuation factors to seek better risk-adjusted excess returns relative to traditional cap-weighted benchmarks. FTGP believes that, while different methods of indexing will have inherent limitations at different times, fundamental indexes have the potential to generate higher long-term returns, and often times reduce volatility, compared to similar cap-weighted indexes.
Eric Anderson, senior vice president for Europe at First Trust Advisors, says: “We are very excited to bring our 21st listing in Europe. SIX is one of the most important trading venues in Europe, and is a critical exchange for providing access to ETFs both inside and outside of Switzerland. We are also excited to be bringing this listing which offer investors fundamentally weighted exposure to critical markets such as Switzerland.”
With the addition of the fund, FTGP now offers a total of seven AlphaDEX UCITS ETFs – five single country funds and two broad/regional funds.

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