TORONTO, Jan. 16, 2015 /CNW/ - FT Portfolios Canada
Co. ("First Trust Canada"), a privately owned company announced
today that effective after the close of business on January 30, 2015, each of the First Trust
AlphaDEX™ U.S. sector ETFs (the "First Trust ETFs") will no longer
be hedging its exposure to the U.S. dollar. The First Trust
AlphaDEX™ U.S. Sectors will provide the same exposure to various
segments of the U.S. equity market but in a non-US currency hedged
manner. The change will impact the following exchange traded funds
("ETFs"):
|
Fund
|
Index
|
|
First Trust AlphaDEX™
U.S. Energy Sector Index ETF (TSX:FHE)
|
StrataQuant® Energy Index
|
|
First Trust AlphaDEX™
U.S. Health Care Sector Index ETF (TSX:FHH)
|
StrataQuant® Health Care
Index
|
|
First Trust AlphaDEX™
U.S. Industrials Sector Index ETF (TSX:FHG)
|
StrataQuant® Industrials
Index
|
|
First Trust AlphaDEX™
U.S. Consumer Staples Index Sector ETF (TSX:FHC)
|
StrataQuant® Consumer Staples
Index
|
|
First Trust AlphaDEX™
U.S. Financials Sector Index ETF (TSX:FHF)
|
StrataQuant® Financials
Index
|
|
First Trust AlphaDEX™
U.S. Utilities Sector Index ETF (TSX:FHU)
|
StrataQuant® Utilities
Index
|
|
First Trust AlphaDEX™
U.S. Consumer Discretionary Sector Index ETF (TSX:FHD)
|
StrataQuant® Consumer Discretionary
Index
|
|
First Trust AlphaDEX™
U.S. Materials Sector Index ETF (TSX:FHM)
|
StrataQuant® Materials
Index
|
|
First Trust AlphaDEX™
U.S. Technology Sector Index ETF (TSX: FHQ)
|
StrataQuant® Technology
Index
|
"Clients and potential investors seem less concerned about the
Canadian dollar appreciating in value against the U.S. dollar and
have requested unhedged currency exposure to our First Trust
AlphaDEX™ U.S. sector index ETFs" said Fraser Howell, CEO of First Trust Canada.
"We believe the change to direct U.S. dollar exposure to the
underlying indices through our TSX listed U.S. sector ETFs not only
makes for an intriguing investment product but helps to
differentiate them from the other currency hedged U.S. equity ETFs
and mutual funds". :
The First Trust AlphaDEX™ U.S. Sectors follow "enhanced indices"
which employ First Trust's proprietary AlphaDEX™ stock selection
methodology. The AlphaDEX™ methodology combines: (1) the
traditional benefits of ETFs: intraday liquidity, generally lower
expenses and daily transparency; and (2) the added advantages of
the AlphaDEX™ methodology: the potential to outperform a benchmark
and the selection and weighting of stocks based on investment
merit.
About First Trust
The First Trust companies are a well-respected global enterprise
with a history in the U.S. market since 1991 and in
Canada since 1996. As of December 31, 2014, First Trust
Advisors L.P., the portfolio advisor for the First Trust AlphaDEX™
ETFs, has approximately US $33
billion in ETF assets under management and more
than US $104 billion total assets under
supervision or management. First Trust is the enterprise name used
for the various businesses conducted
in Europe, Mexico, Canada and the U.S.
Further information about FT Portfolios Canada's ETFs can be
found at www.firsttrust.ca.
Commissions, management fees and expenses all may be associated
with investments in exchange traded funds. Please read the
prospectus before investing. Exchange traded funds are not
guaranteed, their values change frequently and past performance may
not be repeated.
StrataQuant® is a registered trademark of NYSE Group, Inc. or
its affiliates ("NYSE"). The Indices have been licensed for
use to FT Portfolios Canada Co. in connection with the First Trust
ETFs. FT Portfolios Canada Co. is not affiliated with NYSE
and the First Trust ETFs are not sponsored, endorsed, sold or
promoted by NYSE. NYSE makes no representations or warranties
regarding the First Trust ETFs or the ability of the Indices to
track general stock market performance.
SOURCE FT Portfolios Canada Co.