FT Portfolios introduces new ETFs

Toronto-based FT Portfolios Canada Co., an affiliate of Chicago-based First Trust Portfolios LP, has launched its first set of fundamentally weighted dividend exchange-traded funds (ETFs). First Trust AlphaDEX Canadian Dividend Plus ETF will invest primarily in a portfolio of higher-yielding Canadian dividend-paying stocks. First Trust AlphaDEX U.S. Dividend Plus ETF (hedged into Canadian dollars) will invest primarily in a portfolio of higher-yielding, dividend-paying U.S. stocks. Both the Canadian and U.S. dividend ETFs occasionally will write call options on a portion of their portfolios in order to produce additional income. First Trust AlphaDEX Emerging Market Dividend ETF (CAD-hedged) will invest primarily in a portfolio of dividend-paying equities domiciled in emerging markets and selected from the countries represented by the S&P/BMI emerging markets index. All three ETFs will provide investors with monthly distributions.

Compiled by Clare O’Hara (cohara@investmentexecutive.com).