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First Trust launches US Small Cap Core AlphaDEX UCITS ETF


First Trust Global Portfolios (FTGP), a London-based ETF distributor and adviser, has launched the First Trust US Small Cap Core AlphaDEX UCITS ETF on the London Stock Exchange (FYX LN).

The fund is based on the NASDAQ AlphaDEX Small Cap Core Index and objectively selects stocks from the NASDAQ US 700 Small Cap Index using the patented, rules-based AlphaDEX methodology.
“We are delighted to launch the First Trust US Small Cap Core AlphaDEX UCITS ETF,” says Derek Fulton, CEO of FTGP. “With this launch on the London Stock Exchange, we are bringing our proven AlphaDEX merit-based stock selection methodology to small cap US equities.”
The AlphaDEX methodology is designed to use fundamental valuation factors to seek better potential 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 23rd listing in Europe. The LSE is one of the most important trading venues in Europe, and is a critical exchange for providing access to ETFs across Europe. We are excited to be bringing this listing to Europe, offering investors exposure to one of the most attractive asset classes in the world – small cap stocks in the US – while also selecting and weighting these companies based on fundamental investment merit as opposed to size.”
FTGP now offers a total of eight AlphaDEX UCITS ETFs – six single country funds and two broad/regional funds.

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