First Trust Rolls Out Mega Cap AlphaDEX ETF (FMK)

First Trust continued its wave of new product launches today, rolling out another member of its rapidly-expanding AlphaDEX suite. Thew new Mega Cap AlphaDEX Fund (FMK) will seek to replicate an index comprised of mega cap U.S. stocks, employing a quant-based methodology to select components from the 100 largest stocks in the S&P US BMI universe. A number of First Trust’s market cap-specific and style-specific AlphaDEX ETFs recently passed their three year milestone, and the company debuted a suite of international AlphaDEX ETFs earlier this year. First Trust has been a pioneer in the field of “enhanced” index ETFs, offering a number of products that employ rules-based screens to whittle down a broad equity universe to a field of stocks that show the most promising outlook. First Trust ETFs are one of the many alternatives to market cap-weighting that have seen a surge in popularity in recent years, and the [...] Click here to read the original article on ETFdb.com. Related Posts: Do Mega Cap ETFs Offer Mega Returns? Mega Cap ETFs: Is Bigger Always Better? iShares To Launch Russell Top 200 ETFs “Active” ETF Report Card: A Mixed Bag