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First Trust licenses Indxx 5G & NextG Thematic Index for new ETF

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First Trust has licensed the Indxx 5G & NextG Thematic Index as the underlying benchmark for the new First Trust Indxx NextG ETF (NXTG).

The index is designed to track the performance of companies that are at the core of the research and development of the new 5G cellular technology and next generation technologies as they emerge. The Index seeks to include only companies that have devoted material resources or made material commitments to the use of 5G technology. 5G is the next (fifth) generation of cellular technology, which promises to greatly enhance the speed, coverage and responsiveness of wireless networks.

“Indxx is excited to have developed one of the world’s first indices to provide exposure to the 5G space,” says Rahul Sen Sharma, Managing Partner at Indxx. “Many experts believe that 5G has the potential to be a revolutionary development across sectors and industries on a global scale. Our index research and development team is proud to have built an index that effectively targets it via a disciplined and transparent, rules-based approach.”

According to Ryan Issakainen, CFA, ETF Strategist and Senior Vice President at First Trust: “In our view, 5G cellular technology is an important innovation with the potential to reshape the way that wireless networks are utilised. We believe this ETF provides exposure to many of the companies that will lead the way as 5G networks are introduced across the globe.”

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