The First Trust Mid Cap Growth AlphaDEX ETF (FNY) made its debut on 04/19/2011, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Mid Cap Growth category of the market.
FNY is a mid-cap growth fund that selects 225 securities with strong growth characteristics and weak value features. Its expense ratio is 0.70% and FNY has $428 million in AUM. A return on assets is counted as a value screen, and as a result, FNY's Index systematically excludes these high-quality stocks. I view this as a serious flaw. However, there's no denying that FNY's growth features are terrific. I calculated 14.34% and 19.39% one-year estimated sales and earnings growth rates. Its 25.02x forward P/E ratio is also solid.
Designed to provide broad exposure to the Mid Cap Growth segment of the US equity market, the First Trust Mid Cap Growth AlphaDEX ETF (FNY) is a passively managed exchange traded fund launched on 04/19/2011.
Launched on 04/19/2011, the First Trust Mid Cap Growth AlphaDEX ETF (FNY) is a smart beta exchange traded fund offering broad exposure to the Style Box - Mid Cap Growth category of the market.
Looking for broad exposure to the Mid Cap Growth segment of the US equity market? You should consider the First Trust Mid Cap Growth AlphaDEX ETF (FNY), a passively managed exchange traded fund launched on 04/19/2011.
Launched on 04/19/2011, the First Trust Mid Cap Growth AlphaDEX ETF (FNY) is a smart beta exchange traded fund offering broad exposure to the Style Box - Mid Cap Growth category of the market.
Thanks to an improving U.S. economy and reassuring earnings released so far, market sentiments remain strong, overriding worries over the presidential election, uncertainty regarding the magnitude and timing of Fed rate cuts, and volatility in the oil patch due to geopolitical tensions. Stimulus measures in China also supported the rally as this quelled global growth worries a bit.
Designed to provide broad exposure to the Mid Cap Growth segment of the US equity market, the First Trust Mid Cap Growth AlphaDEX ETF (FNY) is a passively managed exchange traded fund launched on 04/19/2011.
The First Trust Mid Cap Growth AlphaDEX ETF (FNY) made its debut on 04/19/2011, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Mid Cap Growth category of the market.
The First Trust Mid Cap Growth AlphaDEX ETF (FNY) was launched on 04/19/2011, and is a passively managed exchange traded fund designed to offer broad exposure to the Mid Cap Growth segment of the US equity market.
Designed to provide broad exposure to the Mid Cap Growth segment of the US equity market, the First Trust Mid Cap Growth AlphaDEX ETF (FNY) is a passively managed exchange traded fund launched on 04/19/2011.