Amsterdam, 22 October 2014: Today Euronext welcomes First Trust Global Portfolios Ltd., a distributor of investment products and strategies, as a new product issuer to its markets. First Trust Global Portfolios listed its new Exchange Traded Fund (ETF) on Euronext Amsterdam, providing investors efficient exposure to stocks from the Eurozone. It is the first so called multi-factor Eurozone ETF in Europe (physical based), meaning the ETF uses an investment strategy in which securities are selected based on fundamental factors instead of on size (market capitalization).
The First Trust Eurozone AlphaDEX® UCITS ETF allows investors to participate in the Nasdaq AlphaDEX Eurozone Index and aims to mirror its returns, by investing in stocks of companies as per their weightings in the index. With the addition of these products to its existing range of ETFs, Euronext currently has 612 ETFs listed on its markets.
Benjamin Fussien, Head of ETFs & Investment Funds at Euronext, said: “We are glad to welcome First Trust Global Portfolios, Ltd. as a new issuer to our markets today. This ETF offers the fast growing number of ETF users in Europe unique exposure to stocks from the Eurozone in a flexible, transparent and cost-efficient investment way. Being part of this innovative product launch is a demonstration of our central role in facilitating product innovation.”
Derek Fulton, CEO, First Trust Global Portfolios commented: “We are delighted that the launch of First Trust Eurozone AlphaDEX® ETF augments our product offering and marks another important step in First Trust’s expansion in the UK and Europe. This expansion will continue, with other launches planned as we increase the UCITS range to provide access to the breadth and depth of our unique AlphaDEX® ETFs.”
Roel Thijssen, First Trust, Head of ETFs Europe added: “We are very excited about the launch of the First Trust Eurozone AlphaDEX® ETF, with primary listing on Euronext. With this listing we express our commitment to many European investors that have asked us to list a Eurozone AlphaDEX® ETF on Euronext. We have received strong demand for our multi-factor investment capabilities.”
Euronext’s is one of the leading platforms in Europe for ETF listing and trading, counting close to 700 listings of almost 600 ETFs on its four markets by the end of H1 2014. In the same period, the average ETF assets under management (AUM) at Euronext totalled €187.2 billion, an increase of 19.8% versus the same period in 2013.