The First Trust NASDAQ Clean Edge U.S. Liquid Series Index Fund is the first investment product based on the NASDAQ Clean Edge U.S. Liquid Series Index, which is designed to track the performance of clean-energy companies that are publicly traded in the U.S. The First Trust NASDAQ-100 Ex-Technology Sector Index Fund is the first financial product based on the NASDAQ-100 Ex-Tech Sector Index, which is comprised of the securities of the NASDAQ-100 Index® that are classified as consumer goods and services, healthcare, and all other non-technology industries.
The First Trust NASDAQ Clean Edge U.S. Liquid Series Index Fund and the First Trust NASDAQ-100 Ex-Technology Sector Index Fund are designed to correspond to the price and yield performance of the indexes on which they are based. ETFs are financial products that trade like shares of stock and can be bought and sold throughout the trading day.
"First Trust has filled the need for investment products based on these important indexes," said NASDAQ Executive Vice President John Jacobs. "The indexes bring attention to vital sectors of the U.S. and global economies, and the ETFs reflect First Trust's commitment to extending its suite of products to broaden investor choice."
"We are pleased to introduce two more innovative products on NASDAQ," said R. Scott Hall, Managing Director of First Trust Advisors L.P. "We believe investors who are seeking tax-efficient, transparent investments that target a defined market segment will find these two ETFs helpful in meeting their financial goals."
The NASDAQ Clean Edge U.S. Liquid Series Index is a modified market capitalization- weighted index designed to track the performance of clean-energy companies that are publicly traded in the U.S. The NASDAQ Clean Edge U.S. Liquid Series Index includes companies engaged in the manufacturing, development, distribution, and installation of emerging clean-energy technologies such as solar photovoltaics, biofuels, and advanced batteries, as defined by Clean Edge. The four major sub-sectors the index covers are Renewable Fuels and Electricity Generation, Energy Storage & Conversion, Energy Intelligence, and Advanced Energy-Related Materials.
The NASDAQ-100 Ex-Tech Sector Index is an equal-weighted index based on the securities of the NASDAQ-100 Index® that are classified in all industries other than technology, according to the Industry Classification Benchmark (ICB) classification system. The NASDAQ-100 Index includes 100 of the largest domestic and international non-financial securities listed on The NASDAQ Stock Market® based on market capitalization.
