First Trust Developed Markets Ex-US AlphaDEX Fund (NASDAQ: FDT)

Últimas noticias sobre First Trust Developed Markets Ex-US AlphaDEX Fund (NASDAQ:FDT)

First Trust Developed Markets Ex-US AlphaDEX Fund

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Other

Basic Materials

Consumer Cyclical

Energy

Utilities

Technology

Consumer Defensive

Communication Services

Real Estate

Healthcare

The fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks, depositary receipts, real estate investment trusts (REITs) and preferred shares that comprise the index. The index is designed to select stocks from the NASDAQ Developed Markets Ex-US Index that may generate positive alpha, or risk-adjusted returns, relative to traditional indices through the use of the AlphaDEX selection methodology.

Hyundai Rotem Company Ltd.

A.P. Moeller - Maersk A/S (Class B)

Evolution Mining Limited

IHI Corporation

Indra Sistemas Sa

Celestica, Inc

Keisei Electric Railway Co. Ltd.(9009)

Schibsted Asa Ser'A'Nok0.50

Fresnillo Plc

Siemens Energy Ag Unsponsored Adr

Bawag Group Ag Common Stock EUR

Banca Monte dei Paschi di Siena S.p.A.

Banco Comercial Portugues Sa

Commerzbank Ag

Talanx Ag

Alpha Services and Holdings S.A.

Phoenix Finance Limited

Two Roads Shared Trust Fnd Tns Dynamic Income ETF

FNDS3000 Corp

First Trust Developed Markets ex-US Small Cap AlphaDEX Fund

Fidelity Disruptive Technology ETF

First Trust is adding to its already expansive lineup of exchange-traded funds tracking Dorsey Wright index and methodologies with the debut of the First Trust Dorsey Wright DALI 1 ETF (NASDAQ: <a class="ticker" href="/stock/dali#NASDAQ">DALI</a>).
The new ETF tracks the Nasdaq Dorsey Wright DALI 1 Index, which was launched just a few weeks ago, <a href="https://www.ftportfolios.com/LoadContent/geaucpbzgcho">according to materials</a> provided by First Trust.
&ldquo;The Dynamic Asset Level Investing (DALI) process was designed as a tactical tool to provide guidance for asset allocation decisions among asset classes, as well as within asset classes, steering an investor toward those areas of the market that DWA believes may outperform,&rdquo; said Illinois-based First Trust.
<h3>
	What Happened</h3>
DALI&#39;s index assesses relative strength on four major asset classes: domestic equities, international stocks, bonds and commodities. As is the case with many Doresy Wright benchmarks, point-and-figure charting is used to gauge price momentum of the <a href="http://www.etf.com/sections/daily-etf-watch/dorsey-wright-etf-launches?nopaging=1">securities being considered</a>.
&ldquo;The DALI process is used to evaluate supply and demand forces of asset classes, and rank them from strongest to weakest based on Nasdaq Dorsey Wright&rsquo;s proprietary relative strength methodology,&rdquo; according to a statement from <a href="The asset class with the highest relative strength score is selected for inclusion in the index and the fund's assets will be allocated to ETFs that provide exposure to the asset class.">First Trust</a>. &ldquo;The asset class with the highest relative strength score is selected for inclusion in the index and the fund&rsquo;s assets will be allocated to ETFs that provide exposure to the asset class.&rdquo;
<h3>
	Why It&#39;s Important </h3>
When DALI, the new ETF, tilts toward U.S. stocks, its selection universe will focus on the First Trust Dorsey Wright Focus 5 ETF (NASDAQ: <a class="ticker" href="/stock/fv#NASDAQ">FV</a>), which holds First Trust bank, consumer durables, Internet and technology ETFs.
The First Trust Large Cap Growth AlphaDEX Fund (NASDAQ: <a class="ticker" href="/stock/ftc#NASDAQ">FTC</a>) and the First Trust Small Cap Growth AlphaDEX Fund (NASDAQ: <a class="ticker" href="/stock/fyc#NASDAQ">FYC</a>) will be DALI&#39;s other holdings when the new fund emphasizes U.S. stocks.
When DALI tilts toward international stocks, it will equally weight the components in FV&#39;s international equivalent, the First Trust Dorsey Wright International Focus 5 ETF (NASDAQ: <a class="ticker" href="/stock/ifv#NASDAQ">IFV</a>) with 35 percent of the portfolio allocated to the First Trust Emerging Markets AlphaDEX Fund (NASDAQ: <a class="ticker" href="/stock/fem#NASDAQ">FEM</a>) and the First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ: <a class="ticker" href="/stock/fdt#NASDAQ">FDT</a>).
<h3>
	What&#39;s Next</h3>
&ldquo;The DALI process was designed as a tactical tool to provide guidance for asset allocation decisions among asset classes, as well as within asset classes, steering an investor toward those areas of the market that Nasdaq Dorsey Wright believes may outperform,&rdquo; said First Trust.
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Long Ideas

News

New ETFs

Trading Ideas

ETFs

DALI

First Trust Large Cap Growth Opportunities AlphaDEX Fund

First Trust Launches Another Dorsey Wright ETF

Below is a list of notable corporate events for the week beginning Jan. 15. Note, this list is not comprehensive and all dates are subject to change. 
	Monday
<ul>
<li>
		Martin Luther King, Jr. Day observed, markets closed</li>
</ul>
Tuesday 
	Economic
<ul>
<li>
		Credit Card Charge-Offs from the big banks (JPM, C, BAC, etc.)</li>
</ul>
Conferences
<ul>
<li>
		Deutsche Bank Global Auto Industry Conference Jan. 16 thru Jan. 17</li>
</ul>
Earnings
<ul>
<li>
		Citigroup Inc (NYSE: <a class="ticker" href="/stock/c#NYSE">C</a>) Q4 premarket</li>
<li>
		UnitedHeatlh Group Incorporated (NYSE: <a class="ticker" href="/stock/unh#NYSE">UNH</a>) Q4 after hours</li>
<li>
		CSX Corporation (NASDAQ: <a class="ticker" href="/stock/csx#NASDAQ">CSX</a>) Q4 after hours</li>
</ul>
IPO Quiet Period Expiration
<ul>
<li>
		CURO Group Holdings (NYSE: <a class="ticker" href="/stock/curo#NYSE">CURO</a>)</li>
<li>
		Odonate Therapeutics, Inc (NASDAQ: <a class="ticker" href="/stock/odt#NASDAQ">ODT</a>)</li>
<li>
		Quanterix Corporation (NASDAQ: <a class="ticker" href="/stock/qtrx#NASDAQ">QTRX</a>)</li>
</ul>
Secondary Offering Lockup Expiration
<ul>
<li>
		Calyxt, Inc (NASDAQ: <a class="ticker" href="/stock/clxt#NASDAQ">CLXT</a>)</li>
<li>
		Kala Pharmaceuticals, Inc (NASDAQ: <a class="ticker" href="/stock/kala#NASDAQ">KALA</a>)</li>
<li>
		TPG RE Finance Trust, Inc (NYSE: <a class="ticker" href="/stock/trtx#NYSE">TRTX</a>)</li>
</ul>
Wednesday 
	Conferences
<ul>
<li>
		Needham Growth Conference Jan. 17 thru Jan. 18</li>
</ul>
Notable Earnings
<ul>
<li>
		Bank Of America Corporation (NYSE: <a class="ticker" href="/stock/bac#NYSE">BAC</a>) Q4 premarket</li>
<li>
		The Goldman Sachs Group (NYSE: <a class="ticker" href="/stock/gs#NYSE">GS</a>) Q4 premarket</li>
<li>
		Alcoa Corporation (NYSE: <a class="ticker" href="/stock/aa#NYSE">AA</a>) Q4 after hours</li>
</ul>
Investor Events
<ul>
<li>
		FTD Companies, Inc (NASDAQ: <a class="ticker" href="/stock/fdt#NASDAQ">FDT</a>) Analyst/Investor Day</li>
<li>
		Walgreens Boots Alliance, Inc (NASDAQ: <a class="ticker" href="/stock/wba#NASDAQ">WBA</a>) shareholder meeting</li>
</ul>
IPO Quiet Period Expiration
<ul>
<li>
		Denali Therapeutics Inc (NASDAQ: <a class="ticker" href="/stock/dnli#NASDAQ">DNLI</a>)</li>
<li>
		Luther Burbank Corporation (NASDAQ: <a class="ticker" href="/stock/lbc#NASDAQ">LBC</a>)</li>
</ul>
Thursday 
	Notable Earnings
<ul>
<li>
		The Bank Of New York Mellon Corporation (NYSE: <a class="ticker" href="/stock/bk#NYSE">BK</a>) Q4 premarket</li>
<li>
		J.B. Hunt Transport Services (NASDAQ: <a class="ticker" href="/stock/jbht#NASDAQ">JBHT</a>) Q4 premarket</li>
<li>
		Morgan Stanley (NYSE: <a class="ticker" href="/stock/ms#NYSE">MS</a>) Q4 premarket</li>
<li>
		American Express Company (NYSE: <a class="ticker" href="/stock/axp#NYSE">AXP</a>) Q4 after hours</li>
<li>
		Canadian Pacific Railway Limited (NYSE: <a class="ticker" href="/stock/cp#NYSE">CP</a>) Q4 after hours</li>
<li>
		International Business Machines Corporation (NYSE: <a class="ticker" href="/stock/ibm#NYSE">IBM</a>) Q4 after hours</li>
</ul>
Investor Events
<ul>
<li>
		Monster Beverage Corporation (NASDAQ: <a class="ticker" href="/stock/mnst#NASDAQ">MNST</a>) Analyst/Investor day</li>
</ul>
Friday 
	Economic
<ul>
<li>
		Deadline for Federal govt. funding bill at midnight</li>
</ul>
Notable Earnings
<ul>
<li>
		Schlumberger Limited (NYSE: <a class="ticker" href="/stock/slb#NYSE">SLB</a>) Q4 premarket</li>
<li>
		Synchrony Financial (NYSE: <a class="ticker" href="/stock/syf#NYSE">SYF</a>) Q4 premarket</li>
<li>
		Kansas City Southern (NYSE: <a class="ticker" href="/stock/ksu#NYSE">KSU</a>) Q4 premarket</li>
</ul>
IPOs
<ul>
<li>
		Americold Realty Trust (COLD)</li>
<li>
		ADT (ADT)</li>
<li>
		Nine Energy Service (NINE)</li>
</ul>
Investor Events
<ul>
<li>
		Remark Holdings, Inc (NASDAQ: <a class="ticker" href="/stock/mark#NASDAQ">MARK</a>) shareholder meeting</li>
</ul>

Previews

Events

CLXT

CURO

DNLI

JBHT

KALA

MARK

MNST

QTRX

TRTX

The Week Ahead: Brace Yourself, Earnings Season Is Coming

Ex-U.S. developed markets stocks and exchange-traded funds have been popular destinations for investors this year as they search for value as the bull market in U.S. equities ages. With year-to-date ETF inflows already over $300 billion as of the end of August, ex-U.S. developed market funds are playing important roles in that asset boom.
Year to date, three of the top 10 asset-gathering ETFs are developed markets funds. That trio follow the popular MSCI EAFE Index, an offshoot of that benchmark or a rival index. Investors can find developed markets opportunity with non-traditional ETFs, such as the First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ: <a class="ticker" href="/stock/fdt#NASDAQ">FDT</a>).
FDT, which turned 6 years old earlier this year and has nearly $572 million in assets under management, tracks the NASDAQ AlphaDEX Developed Markets Ex-US Index.
<h3>A Fine Alternative</h3>
FDT can be seen as a smart beta alternative to traditional EAFE strategies. As is the case with the AlphaDEX ETFs, FDT&#39;s components are selected based &ldquo;on growth factors including 3-, 6- and 12-month price appreciation, sales to price and one year sales growth, and separately on value factors including book value to price, cash flow to price and return on assets. All stocks are ranked on the sum of ranks for the growth factors and, separately, all stocks are ranked on the sum of ranks for the value factors. A stock must have data for all growth and/or value factors to receive a rank for that style,&rdquo; <a href="http://www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=FDT">according to First Trust</a>.
This year, it is hard to argue with the results delivered by FDT. Year to date, the ETF is up nearly 24 percent while the MSCI EAFE Index is up nearly 18 percent. The competing Vanguard ETF is up just over 18 percent.
<h3>A Different Beast</h3>
FDT allocates over a quarter of its weight to Japanese stocks, a significant overweight to the world&#39;s third-largest economy relative to the MSCI EAFE Index. Due to the fact that FDT does not track an MSCI index, it can include South Korean stocks. Asia&#39;s fourth-largest economy accounts for almost 13 percent of FDT&#39;s weight. MSCI classifies South Korea as an emerging market.
Hong Kong, France and the U.K. combine for about 27 percent of the ETF&#39;s weight. FDT&#39;s U.K. exposure is underweight what is found in competing developed markets strategies.
The ETF devotes over 38 percent of its weight to consumer discretionary and industrial stocks. Materials and real estate names combine for about 28 percent. FDT has a dividend yield of about 2.3 percent. The ETF hit an all-time high last Friday.
Related Links:
<a href="https://www.benzinga.com/trading-ideas/long-ideas/17/09/10005036/best-sector-etfs-for-september-playing-it-safe">Best Sector ETFs For September</a>
<a href="https://www.benzinga.com/trading-ideas/long-ideas/17/08/9999303/few-surprises-with-this-tech-etf">Few Surprises With This Tech ETF</a>

Specialty ETFs

Markets

A Different View On Developed Markets ETFs

Sometimes, knowing what you don't want in an ETF is as important and useful as knowing what you do want. To that end, we previously examined some country funds <a href="http://www.benzinga.com/trading-ideas/long-ideas/12/03/2435031/dupt-ex-euro-europe-etfs-hold-promise-tur-epol-eden">sporting the ex-U.S. or ex-Japan labels</a>. 

Inspired by a recent piece on "ex" ETFs <a href="http://www.marketwatch.com/story/exclusionary-etfs-push-investors-out-of-loop-2012-04-05">by MarketWatch</a> we decided to revisit the ex ETF concept to see if they are some funds using exclusionary practices that are flying under the radar, but that are also worth considering.

Here are four to mull over.

WisdomTree Dividend ex-Financials Fund (NYSE: <a class="ticker" href="/stock/dtn#NYSE">DTN</a>)
Highlighted in the MarketWatch piece, the WisdomTree Dividend ex-Financials Fund is hard to dub as "under the radar" because it's home to almost $1.3 billion in assets under management and average daily volume is decent at 200,000 shares. 

Looking at things from long-term perspective, DTN is certainly worthy of praise over the past five years. Obviously, financials have been slammed in over that time, but DTN is down less than 10%. That compares to a 56.4% plunge for the Financial Select Sector SPDR (NYSE: <a class="ticker" href="/stock/xlf#NYSE">XLF</a>). The bad news is that when bank stocks rally, DTN will predictably be left behind. Year-to-date, XLF has offered more than triple the returns of DTN.

WisdomTree Global ex-US Growth Fund (NYSE: <a class="ticker" href="/stock/dnl#NYSE">DNL</a>)
Nearly six years old, the WisdomTree Global ex-US Growth Fund doesn't come right out and say it, but it appears to be an ETF built on the premise that markets outside of the U.S. will offer superior growth rates in the years ahead. That's a valid argument and certainly not a bad idea for an ETF. 

The knock on DNL is more than a quarter of its weight is devoted to the U.K., which is arguably in a recession right now. The other issue is that over 13% of DNL's weight is allocated to Euro Zone countries. In fact all of the PIIGS except Greece receive at least modest weights in this ETF.

Yes, DNL is an ex-U.S. ETF, but in terms of growth prospects, we'd like to see more Philippines, Thailand and related fare than embattled European countries.

iShares MSCI ACWI ex US Energy Sector Index Fund (NYSE: <a class="ticker" href="/stock/axen#NYSE">AXEN</a>)
Tired of the same old boring ways of accessing big oil stocks through ETFs such as the Energy Select Sector SPDR (NYSE: <a class="ticker" href="/stock/xle#NYSE">XLE</a>)? Or maybe you just want to get involved with Royal Dutch Shell (NYSE: RDS-A) and BP (NYSE: <a class="ticker" href="/stock/bp#NYSE">BP</a>) through one ETF. The iShares MSCI ACWI ex US Energy Sector Index Fund is useful on both fronts. 

The good news with AXEN is that it has outperformed XLE this year. The bad news is the ETF is thinly traded, so it's subject to wide bid/ask spreads and if it can't find support at its 200-day moving average, more downside is on the way.

First Trust Developed Markets Ex-US AlphaDEX Fund (NYSE: <a class="ticker" href="/stock/fdt#NYSE">FDT</a>)
Just a few days shy of its first birthday, the First Trust Developed Markets Ex-US AlphaDEX makes no bones about the fact that focuses exclusively on developed markets. Those not willing to be on Japanese stocks as value proposition should probably steer clear of FDT because Japan accounts for almost 26% of the fund's country weight. Even though FDT doesn't garner a lot of press, the fund is up almost 5.7% year-to-date and it has raked in nearly $48 million in AUM since inception.

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