First Trust Advisors L.P., a leading exchange-traded fund (“ETF”) provider and asset manager, has launched seven new ETFs based on the Nasdaq US Smart Sector IndexesSM. The indexes, which are created and administered by Nasdaq, Inc. (“Nasdaq”), are modified factor-weighted indexes designed to provide exposure to US economic sectors. The seven funds are listed below:
First Trust Nasdaq Bank ETF (Nasdaq: FTXO)
First Trust Nasdaq Food & Beverage ETF (Nasdaq: FTXG)
First Trust Nasdaq Oil & Gas ETF (Nasdaq: FTXN)