First Trust will unveil nine new exchange-traded funds (ETFs), focused on specific countries and regions in emerging and developed markets, Index Universe reports. The funds will track the performance of the AlphaDex indexes. The proposed funds will focus on Asia Pacific ex-Japan, Europe, Latin America, Brazil, China, Japan, South Korea, developed markets ex-U.S. and emerging markets. The AlphaDex benchmarks amount to a quantitatively driven security selection system.
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