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First Trust Launches the First Trust International Developed Capital Strength ETF
December 16, 2020 GMT
WHEATON, Ill. (BUSINESS WIRE) Dec 16, 2020
First Trust Advisors L.P. (“First Trust”), a leading exchange-traded fund (“ETF”) provider and asset manager, announced today that it has launched a new ETF, the First Trust International Developed Capital Strength ETF (NASDAQ: FICS) (the “fund”). The fund seeks investment results that correspond generally to the price and yield (before the fund’s fees and expenses) of an equity index called The International Developed Capital Strength Index℠ (the “index”). The index seeks to provide exposure to international companies with a high degree of liquidity, the ability to generate earnings growth, and a record of financial strength and profit growth. Also included is a volatility screen that seeks out those companies with lower
Two of First Trust ETFs Based on NASDAQ® Indexes Surpass $1 Billion in AUM
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First Trust Launches the First Trust International Developed Capital Strength ETF - Press Release
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Posted on 20039
First Trust Advisors L.P. (“FTA”) announced today that, subject to the satisfaction of certain customary closing conditions, the reorganization of First Trust Mega Cap AlphaDEX
® Fund (Nasdaq: FMK), an index based exchange-traded fund (“ETF”), managed by FTA, into First Trust Dow 30 Equal Weight ETF (NYSE Arca: EDOW), an index based ETF managed by FTA, is expected to become effective immediately before the opening of the NYSE Arca on December 14, 2020.
As previously announced, the shareholders of FMK and EDOW approved the FMK’s reorganization into EDOW at a Joint Special Meeting of Shareholders on November 9, 2020. The reorganization was approved by the Board of Trustees of each of FMK and EDOW on January 30, 2020.