Money management firm, First Trust, is planning to unveil 13 new ETFs, nine of which are focused on specific countries and regions in emerging and developed markets, Index Universe reports. The ETFs will use the company’s AlphaDex indexes.
The new funds include the First Trust Asia Pacific Ex-Japan AlphaDex Fund, the First Trust Emerging Markets AlphaDex Fund, the First Trust Mid Cap Growth AlphaDex Fund and the First Trust Small Cap Growth AlphaDex Fund. The vehicles are expected to be listed on the NYSEArca.
Click here for the story from Index Universe.