First Trust Global Portfolios has seen AUM in its actively managed Eurozone AlphaDEX Ucits ETF pass the €100m level, as the fund obtained a five star rating from Morningstar.
Based on the Nasdaq AlphaDEX Eurozone index, the fund relies on a proprietary stock selection methodology, to generate alpha relative to traditional passive indices. The fund, which launched in October 2014, splits a weighting of 10-20% each across five sectors, and uses a combination of value and momentum factors that are agnostic regarding market capitalisation size of index constituents.
Derek Fulton, CEO at FTGP, said the performance of the fund since launch demonstrated the ability for ETF structures to deliver alpha. the firm is the UK based affiliate of First Trust Advisors LP, which has been an independent ETF provider in the US since 1991. Globally, First Trust has AUM of some $114bn (€95.7bn) as of the end of October 2017.
FTGP recently took part in the Madrid Forum 2017 hosted by InvestmentEurope in the Spanish capital, with Gregg Guerin, senior product specialist, outlining value and growth opportunities in the eurozone for accessing alpha. Further details on his presentation are available to fund selectors here: http://www.investmenteurope.net/past-event/madrid-forum-2017/