NASDAQ OMX Global Indexes is once again excited to partner with Dorsey Wright & Associates (DWA) to launch the Dorsey Wright International Focus 5 Index. The index comprises five select exchange-traded funds from the First Trust Portfolios product line with powerful relative strength characteristics.
The First Trust Dorsey Wright International Focus 5 ETF (Symbol: IFV), based on the index of the same name, will be listed on The NASDAQ Stock Market® (NASDAQ®) and begin trading on NASDAQ today.
IFV is designed to provide targeted exposure to the five First Trust international ETFs, identified by the (DWA) index methodology, to offer the greatest potential to outperform the other ETFs in the selection universe. First Trust international ETFs provide the universe for the index selection. Using DWA's relative strength ranking system, the ETFs are compared to each other to determine inclusion. The top five ranking ETFs are included in the index and the relative strength analysis is conducted on a weekly basis with ETFs replaced when they fall sufficiently out of favor. The index is rebalanced periodically so each position is equally weighted. The design of the index allows for identification of major themes in the market, exposure to those countries or regions whose price action is superior to others, and elimination of exposure to those countries or regions whose price action is sub-par relative to others.
For more information, contact:
Vice President, Sales and Business Development
NASDAQ OMX Global Indexes
Direct: +1 212 401 8987