An index-tracking ETF that focuses on
well-capitalized international companies
First Trust Advisors L.P. (“First Trust”), a
leading exchange-traded fund (“ETF”) provider and asset manager,
announced today that it has launched a new ETF, the First Trust
International Developed Capital Strength ETF (NASDAQ: FICS) (the
“fund”). The fund seeks investment results that correspond
generally to the price and yield (before the fund’s fees and
expenses) of an equity index called The International Developed
Capital Strength Index℠ (the “index”). The index seeks to provide
exposure to international companies with a high degree of
liquidity, the ability to generate earnings growth, and a record of
financial strength and profit growth. Also included is a volatility
screen that seeks out those companies with lower historic risk and
favors companies with consistent historical security price
performance.
“2020 has been a reminder of the importance of quality for
navigating uncertain times. In our view, this applies just as much
for international stocks as it does for US stocks," said Ryan
Issakainen, CFA, Senior Vice President, ETF Strategist at First
Trust. Investing outside of the U.S. may present opportunities to
participate in the long-term growth potential of foreign companies.
FICS seeks to provide a simplified way to gain exposure to
well-capitalized non-US companies in developed markets with strong
market positions that have the potential to provide their
stockholders with a greater degree of stability and performance
over time. “We believe this ETF will be an effective tool for
investment professionals seeking high quality exposure to developed
international stocks,” said Issakainen.
For more information about First Trust, please contact Ryan
Issakainen at (630) 765-8689 or RIssakainen@FTAdvisors.com.
About First Trust First
Trust is a federally registered investment advisor and serves as
the fund’s investment advisor. First Trust and its affiliate First
Trust Portfolios L.P. (“FTP”), a FINRA registered broker-dealer,
are privately held companies that provide a variety of investment
services. First Trust has collective assets under management or
supervision of approximately $164 billion as of November 30, 2020
through unit investment trusts, exchange-traded funds, closed-end
funds, mutual funds and separate managed accounts. First Trust is
the supervisor of the First Trust unit investment trusts, while FTP
is the sponsor. FTP is also a distributor of mutual fund shares and
exchange-traded fund creation units. First Trust and FTP are based
in Wheaton, Illinois. For more information, visit
http://www.ftportfolios.com.
You should consider the fund’s investment objectives, risks,
and charges and expenses carefully before investing. Contact First
Trust Portfolios L.P. at 1-800-621-1675 to obtain a prospectus or
summary prospectus which contains this and other information about
the fund. The prospectus or summary prospectus should be read
carefully before investing.
Risk Considerations Investors buying or selling fund
shares on the secondary market may incur customary brokerage
commissions. Market prices may differ to some degree from the net
asset value of the shares. Investors who sell fund shares may
receive less than the share’s net asset value. Shares may be sold
throughout the day on the exchange through any brokerage account.
However, unlike mutual funds, shares may only be redeemed directly
from a fund by authorized participants, in very large
creation/redemption units. If a fund’s authorized participants are
unable to proceed with creation/redemption orders and no other
authorized participant is able to step forward to create or redeem,
fund shares may trade at a discount to a fund’s net asset value and
possibly face delisting.
A fund’s shares will change in value, and you could lose money
by investing in a fund. Market risk is that a particular security
or shares of a fund may fall in value. There can be no assurance
that a fund’s investment objective will be achieved.
The outbreak of the respiratory disease designated as COVID-19
in December 2019 has caused significant volatility and declines in
global financial markets, which have caused losses for investors.
The COVID-19 pandemic may last for an extended period of time and
will continue to impact the economy for the foreseeable future.
An adverse economic business or political development may affect
the value of investments greater for a fund that has significant
exposure to a single asset class, country, region, industry or
sector than a more broadly diversified fund.
Non-U.S. securities are subject to additional risks, including
but not limited to currency fluctuations, political risks,
withholding, the lack of adequate financial information, and
exchange control restrictions impacting non U.S. issuers.
Because securities held by the fund trade on non-U.S. exchanges
that are closed when the fund’s primary listing exchange is open,
there are likely to be deviations between the current price of an
underlying security and the last quoted price for the underlying
security.
A fund may be subject to inflation risk which is the risk that
the value of assets or income from investments will be less in the
future as inflation decreases the value of money.
A portfolio comprised of low volatility stocks may not produce
investment exposure that has lower variability to changes in such
stocks’ price levels. Low volatility stocks are likely to
underperform the broader market during periods of rapidly rising
stock prices.
REITs typically own and operate income-producing real estate and
are subject to the risks associated with investing in real
estate.
A passive investment fund invests in securities included in or
representative of the index regardless of investment merit and
generally will not attempt to take defensive positions in declining
markets.
High portfolio turnover may result in higher levels of
transaction costs and may generate greater tax liabilities for
shareholders.
There is no assurance that the index provider, or any agents
that act on its behalf, will compile the index accurately, or that
the index will be determined, maintained, constructed,
reconstituted, rebalanced, composed, calculated, or disseminated
accurately. The fund's return may not match the return of the
index.
Large capitalization companies may grow at a slower rate than
the overall market.
The fund is subject to risks arising from various operational
factors. As the use of Internet technology has become more
prevalent in the course of business, a fund has become more
susceptible to potential operational risks through breaches in
cyber security.
A fund classified as “non-diversified” may invest a relatively
high percentage of its assets in a limited number of issuers. As a
result, a fund may be more susceptible to a single adverse economic
or regulatory occurrence affecting one or more of these issuers,
experience increased volatility and be highly concentrated in
certain issuers.
Large inflows and outflows may impact a newer fund’s market
exposure for limited periods of times.
The fund may be a constituent of one or more indices.
First Trust Advisors L.P. is the adviser to the fund. First
Trust Advisors L.P. is an affiliate of First Trust Portfolios L.P.,
the fund's distributor.
The information presented is not intended to constitute an
investment recommendation for, or advice to, any specific person.
By providing this information, First Trust is not undertaking to
give advice in any fiduciary capacity within the meaning of ERISA,
the Internal Revenue Code or any other regulatory framework.
Financial professionals are responsible for evaluating investment
risks independently and for exercising independent judgment in
determining whether investments are appropriate for their
clients.
Nasdaq® and The International Developed Capital Strength Index℠
are registered trademarks and service marks of Nasdaq, Inc.
(together with its affiliates hereinafter referred to as the
“Corporations”) and are licensed for use by First Trust. The fund
has not been passed on by the Corporations as to its legality or
suitability. The fund is not issued, endorsed, sold or promoted by
the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO
LIABILITY WITH RESPECT TO THE FUND.
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version on businesswire.com: https://www.businesswire.com/news/home/20201216005641/en/
Ryan Issakainen First Trust (630) 765-8689
RIssakainen@FTAdvisors.com
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