FCA
First Trust China AlphaDEX Fund
📎 Investment Objective
The First Trust China AlphaDEX Fund (FCA) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the NASDAQ AlphaDEX China Index.
Overview
ETF tracking First Trust China AlphaDEX Fund
Performance
Price Chart
Investment Summary
📎 Investment Objective
The First Trust China AlphaDEX Fund (FCA) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the NASDAQ AlphaDEX China Index.
🎯 Investment Strategy
The fund employs a 'rules-based' methodology to select and weight stocks from the NASDAQ China Index based on growth and value factors. It aims to outperform the broader Chinese equity market by identifying undervalued companies with potential for capital appreciation.
✨ Key Features
- Provides exposure to a diversified portfolio of Chinese equities
- Uses a quantitative, factor-based approach to stock selection and weighting
- Seeks to outperform the broader Chinese equity market
- Relatively low expense ratio compared to actively managed China funds
⚠️ Primary Risks
- Concentration risk in Chinese equities
- Exposure to currency fluctuations between the U.S. dollar and Chinese yuan
- Potential for higher volatility compared to broad market indexes
- Liquidity risk due to the relatively small size of the fund
👤 Best For
This ETF may be suitable for investors seeking exposure to the Chinese equity market with the potential for outperformance, and who have a higher risk tolerance and a long-term investment horizon.