Bringing you live news and features since 2006 

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

RELATED TOPICS​

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.”

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by