F.T.ETA.II-F.T.BRAZ.ADEX (1FU0)
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NASDAQ (NGS) Primary XBER Summary
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FBZ: This Enhanced Product Is Flawed, More Sensible To Pursue EWZ
The First Trust Brazil AlphaDEX Fund, a little-known ETF, has outperformed global stocks and emerging markets quite handsomely this year. FBZ employs an enhanced methodology which assigns priority to certain growth and value screeners. On further scrutiny, we find quite a few flaws in this product, and feel that the largest Brazilian ETF- EWZ has better qualities.
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F.T.ETA.II-F.T.BRAZ.ADEX Profile
| XBER Exchange | US Country |
Overview
The unnamed fund primarily focuses on investing in securities selected from the NASDAQ Brazil Index, leveraging the AlphaDEX® selection methodology. This strategic approach is designed to target stocks within the base index that have the potential to produce positive alpha, or risk-adjusted returns, surpassing those of traditional indices. The fund is committed to allocating at least 90% of its net assets, which includes any investment borrowings, directly into the constituents of the index that embody this philosophy. Through this meticulous selection process, the fund aims to offer investors a unique opportunity to benefit from the robust economic landscape of Brazil, by focusing on those companies that show promise for superior performance.
Products and Services
The fund offers a financial product that focuses on two key aspects:
- Investment in Securities from the NASDAQ Brazil Index: This involves putting capital into a carefully selected collection of stocks from the Brazil-focused NASDAQ index. Using the AlphaDEX® selection methodology, the fund identifies companies with the potential for high risk-adjusted returns. This meticulous approach to stock selection is rooted in financial theory and practice, aiming to maximize investor returns while managing risk.
- AlphaDEX® Selection Methodology: The AlphaDEX® methodology is a proprietary investment technique used to pick stocks that may generate positive alpha compared to traditional market indices. This approach evaluates companies based on various growth and value factors, including price momentum, sales growth, and book value to price ratio, among others. By prioritizing stocks that score highly on these factors, the fund seeks to outperform basic index strategies and deliver superior returns to its investors.
