London, April 12, 2024 – First Trust Global Funds PLC has reported the net asset value (NAV) of its First Trust United Kingdom AlphaDEX UCITS ETF. As of April 11, 2024, the NAV stood at GBP 2,397,380.35, with 111,095 shares in issue.
The First Trust United Kingdom AlphaDEX UCITS ETF is designed to track the performance of the STOXX United Kingdom 900 Optimised Index. It aims to provide investors with exposure to UK equities that demonstrate strong growth potential, as identified by the AlphaDEX stock selection methodology.
The AlphaDEX stock selection methodology employs a smart-beta approach, using fundamental factors to systematically identify stocks that are expected to outperform their peers. By selecting stocks based on factors such as value, growth, momentum, and quality, the ETF aims to outperform traditional market capitalization-weighted indices.
The net asset value per share of GBP 21.58 indicates the underlying value of the ETF’s portfolio. Investors can use this information to calculate the value of their holdings in the ETF or evaluate the attractiveness of the fund in comparison to its peers.
For more information, please visit the press release source on Business Wire via the following link: https://www.businesswire.com/news/home/20240412788483/en/.
Contacts:
First Trust Global Funds PLC
Phone: +xxx-xxxxxxx
Email: [email protected]
The First Trust United Kingdom AlphaDEX UCITS ETF operates in the investment management industry. It is a type of exchange-traded fund that aims to provide investors with exposure to UK equities that demonstrate strong growth potential. The ETF tracks the performance of the STOXX United Kingdom 900 Optimised Index, which is a benchmark index for UK equities.
The AlphaDEX stock selection methodology employed by the ETF is a smart-beta approach that uses fundamental factors to systematically identify stocks that are expected to outperform their peers. This methodology selects stocks based on factors such as value, growth, momentum, and quality. By employing this approach, the ETF aims to outperform traditional market capitalization-weighted indices.
The net asset value (NAV) of the First Trust United Kingdom AlphaDEX UCITS ETF, as of April 11, 2024, stood at GBP 2,397,380.35, with 111,095 shares in issue. The NAV per share is GBP 21.58, which indicates the underlying value of the ETF’s portfolio. This information is useful for investors to calculate the value of their holdings in the ETF or evaluate its attractiveness compared to other funds.
In the investment management industry, exchange-traded funds have gained popularity in recent years due to their low costs, diversification, and ease of trading. They offer investors a way to gain exposure to specific markets or sectors without the need to buy individual stocks.
The UK equity market, like other global markets, faces various challenges and opportunities. Factors such as economic conditions, political stability, technological advancements, and global trade dynamics can impact the performance of UK equities. Investors should consider these factors when making investment decisions.
For more information about the First Trust United Kingdom AlphaDEX UCITS ETF, please visit the press release source on Business Wire via the following link: link.
Please note that the contact information for First Trust Global Funds PLC is as follows:
Phone: +xxx-xxxxxxx
Email: [email protected].