Today, First Trust transferred 10 AlphaDEX® ETFs from NYSE Arca to The Nasdaq Stock Market®. Each ETF will list and trade its shares on Nasdaq under the same ticker symbol as was used on NYSE. Additionally, each ETF’s Index Provider will change to Nasdaq Global Indexes.
“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. “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 ETF 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.
|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 Hond 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|