First Trust will transfer the 10 AlphaDEX® exchange traded-funds (ETFs) from NYSE Arca to be listed on the Nasdaq Stock Market®. (image: Korea Bizwire)
NEW YORK, Jul. 14 (Korea Bizwire) — Nasdaq today announced that First Trust will transfer the 10 AlphaDEX® exchange traded-funds (ETFs) from NYSE Arca to be listed on the Nasdaq Stock Market® on or about Tuesday, July 14, 2015. Each fund will list and trade its shares on Nasdaq under the same ticker symbol as was used on NYSE.
“We are thrilled to expand our ETF relationship with First Trust. The transfer of these 10 ETFs is evidence of First Trust’s confidence that the Nasdaq Marketplace is a leader in ETF listing and trading,” said Jeffrey McCarthy, Head of ETP Listings at Nasdaq. “Additionally these products exemplify the importance of exchange listing diversification and how Nasdaq is positioned to provide multi-faceted solutions to ETF issuers by supporting index creation, calculation, listing and trading-through the benchmark switch of these funds to Nasdaq Indexes. We look forward to continuing our successful partnership with First Trust and the AlphaDEX team in the future.”
Each fund will seek investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of a Nasdaq AlphaDEX® Equity Index (each, a “New Index”). Each New Index is a modified equal-dollar weighted index developed and maintained by Nasdaq that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. Accordingly, the Funds’ Index Provider will change to Nasdaq.
Fund Name Ticker New Index
First Trust Japan AlphaDEX Fund FJP Nasdaq AlphaDEX® Japan Index
First Trust China AlphaDEX Fund FCA Nasdaq AlphaDEX® China Index
First Trust Brazil AlphaDEX Fund FBZ Nasdaq AlphaDEX® Brazil Index
First Trust South Korea AlphaDEX Fund FKO Nasdaq AlphaDEX® South Korea Index
First Trust United Kingdom AlphaDEX Fund FKU Nasdaq AlphaDEX® United Kingdom Index
First Trust Germany AlphaDEX Fund FGM Nasdaq AlphaDEX® Germany Index
First Trust Switzerland AlphaDEX Fund FSZ Nasdaq AlphaDEX® Switzerland Index
First Trust Hong Kong AlphaDEX Fund FHK Nasdaq AlphaDEX® Hong Kong Index
First Trust Canada AlphaDEX Fund FCAN Nasdaq AlphaDEX® Canada Index
First Trust Taiwan AlphaDEX Fund FTW Nasdaq AlphaDEX® Taiwan Index
About First Trust:
First Trust Advisors L.P., along with its affiliate First Trust Portfolios L.P., are privately held companies which provide a variety of investment services, including asset management and financial advisory services, with collective assets under management or supervision of approximately $119 billion as of May 31, 2015 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts. First Trust is based in Wheaton, Illinois. For more information, visit http://www.ftportfolios.com.
About Nasdaq:
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to more than 3,500 listed companies with a market value of approximately $9.5 trillion and more than 10,000 corporate clients. To learn more, visit: nasdaq.com/ambition or business.nasdaq.com.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about Nasdaq and its products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These factors include, but are not limited to factors detailed in Nasdaq’s annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
Nasdaq(R) is a registered trademark of The NASDAQ OMX Group, Inc. (which with its affiliates and subsidiaries is collectively referred to as Nasdaq) and is licensed for use with the First Trust AlphaDEX(R) ETFs by First Trust Advisors L.P. The ETFs have not been passed on by Nasdaq as to their legality or suitability, and the ETFs are not issued, endorsed or sold by Nasdaq. Nasdaq makes no warranties and bears no liability with respect to the ETFs.
Nothing contained herein should be construed as investment advice from Nasdaq, either on behalf of a particular financial product or an overall investment strategy. Nasdaq makes no recommendation to buy or sell any financial product or any representation about the financial condition of any company or fund. Investors should undertake their own due diligence and carefully evaluate financial products before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
NDAQG
CONTACT: First Trust Media Contact:
Ryan Issakainen
+1 (630) 765-8689
Rissakainen@ftadvisors.com
Nasdaq Media Contact:
Alexa Sugrue
+1 (212) 231-5552 (office)
+1 (646) 577-3157 (mobile)
Alexa.Sugrue@nasdaq.com
Source: NASDAQ OMX Group via GLOBE NEWSWIRE
