The financial sector has underperformed since the Great Financial Crisis, but may have promise due to value outperforming growth in the future. First Trust Financials AlphaDEX® Fund is a quantitatively oriented fund with equal-weighted stocks selected based on growth and value factors. FXO includes a diverse range of companies in the financial sector, with strong valuation metrics and potential for diversification benefits, but may be impacted by regulatory changes and economic downturns.
Launched on 05/08/2007, the First Trust Financials AlphaDEX ETF (FXO) is a smart beta exchange traded fund offering broad exposure to the Financials ETFs category of the market.