First Trust Switches 10 AlphaDEX(R) ETFs to The Nasdaq Stock Market
July 14 2015 - 9:00AM
NEW YORK, July 14, 2015 (GLOBE NEWSWIRE) -- 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® 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® 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®
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
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: The NASDAQ OMX Group, Inc. via Globenewswire
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