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First Trust reinforces presence on Börse Frankfurt Xetra


First Trust has announced the expansion of the First Trust Global Capital Strength ESG Leaders UCITS ETF (“FCSG”) to Börse Frankfurt Xetra. 

First Trust has announced the expansion of the First Trust Global Capital Strength ESG Leaders UCITS ETF (“FCSG”) to Börse Frankfurt Xetra. 

The firm writes that first listed on the London Stock Exchange in March 2021, the fund combines First Trust’s time-tested quality and low volatility factor investing with MCSI’s best-in-class ESG methodology, offering the potential for long term sustainable returns through capital growth.
Joining the First Trust UCITS ETFs already listed on Börse Frankfurt Xetra, the further addition of the First Trust Global Capital Strength ESG Leaders UCITS ETF to the exchange demonstrates First Trust’s commitment to local trading in the German market and accelerated growth in the Europe, the firm says.
FCSG invests in a diversified portfolio of global equities with a leading metric based on environmental, social and governance related criteria, as defined by their inclusion in the MSCI ACWI ESG Leaders Index (the “MSCI Leaders Index”), and then overlays a propriety Capital Strength methodology to screen stocks for inclusion in the Fund. This strategy blends First Trust’s factor-based investing heritage, with MSCI’s ESG Leaders methodology, which is designed to generate long-term sustainable returns.
The MSCI ACWI ESG Leaders Index (the “MSCI Leaders Index”) is a capitalisation weighted index that provides exposure to companies with high ESG performance relative to their peers. It provides exposure to large and mid-cap companies across 23 developed and 27 emerging market countries and excludes companies involved in alcohol, tobacco, gambling, nuclear power, conventional weapons, and civilian firearms. The index is rebalanced twice yearly, and on or around these dates the proprietary Capital Strength investment methodology is applied.
The Capital Strength methodology evaluates issuers to include: a minimum three-month average trading volume of USD five million, a minimum of USD one billion in cash and short-term investments, long-term debt to market capitalisation ratio of less than 30 per cent, as well as a return on equity of greater than 15 per cent. The resulting portfolio is then adjusted to 50 stocks, taking into account volatility measures and country and sector concentration. Between rebalance dates the MSCI ESG rating of each stock is reviewed and any shares of issuers with a rating below “BB” is removed. 
Rupert Haddon, Managing Director, First Trust says: “Recent times have seen Germany witness a significant rise in ETF usage as the growth of the retail platform and increased ETF visibility serve to make access more mainstream. As one of the largest ETF markets in Europe, we are absolutely delighted to be reaffirming our commitment to the German investor by launching the innovative First Trust Global Capital Strength ESG Leaders UCITS ETF to the Börse Frankfurt Xetra.”
Haddon continues: “It is no secret that wealth managers are increasingly requiring increased choice and flexibility when it comes to sustainable investing for their clients. Our new listing provides access to the best in class within the responsible investing category, combined with the proven Capital Strength methodology. Joining our six other UCITS funds already listed on the exchange, this latest listing is the next step in reenergising our efforts in supporting the German market, with more listings to follow”.
First Trust UCITS funds listed on the Börse Frankfurt Xetra include:
•    First Trust Nasdaq Cybersecurity UCITS ETF
•    First Trust Nasdaq Clean Edge Green Energy UCITS ETF
•    First Trust Cloud Computing UCITS ETF
•    First Trust US Large Cap Core AlphaDEX UCITS ETF
•    First Trust Germany AlphaDEX UCITS ETF
•    First Trust Eurozone AlphaDEX UCITS ETF
The Fund is aimed at wealth managers, discretionary fund managers, advisers and institutional investors, with a total expense ratio of 0.75 per cent.

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