Launched on 04/19/2011, the First Trust Small Cap Growth AlphaDEX ETF (FYC) is a passively managed exchange traded fund designed to provide a broad exposure to the Small Cap Growth segment of the US equity market.
FYC is a passively managed ETF targeting high-growth names in the small-cap arena. FYC has beaten a few SMID peers since the index change but underperformed the market proxied with IVV. Risk metrics, including the maximum drawdowns, have been especially worrisome. FYC's factor mix is not to my liking. While its growth characteristics look strong, exposure to low-quality and high-beta stocks is an issue.
Launched on 04/19/2011, the First Trust Small Cap Growth AlphaDEX ETF (FYC) is a smart beta exchange traded fund offering broad exposure to the Style Box - Small Cap Growth category of the market.
Looking for broad exposure to the Small Cap Growth segment of the US equity market? You should consider the First Trust Small Cap Growth AlphaDEX ETF (FYC), a passively managed exchange traded fund launched on 04/19/2011.
Launched on 04/19/2011, the First Trust Small Cap Growth AlphaDEX ETF (FYC) is a smart beta exchange traded fund offering broad exposure to the Style Box - Small Cap Growth category of the market.
If you're interested in broad exposure to the Small Cap Growth segment of the US equity market, look no further than the First Trust Small Cap Growth AlphaDEX ETF (FYC), a passively managed exchange traded fund launched on 04/19/2011.
Launched on 04/19/2011, the First Trust Small Cap Growth AlphaDEX ETF (FYC) is a smart beta exchange traded fund offering broad exposure to the Style Box - Small Cap Growth category of the market.
If you're interested in broad exposure to the Small Cap Growth segment of the US equity market, look no further than the First Trust Small Cap Growth AlphaDEX ETF (FYC), a passively managed exchange traded fund launched on 04/19/2011.
For investors seeking momentum, Smallcap Growth Alphadex Fund First Trust FYC is probably on the radar. The fund just hit a 52-week high and is up 44.91% from its 52-week low price of $51.39/share.
Launched on 04/19/2011, the First Trust Small Cap Growth AlphaDEX ETF (FYC) is a smart beta exchange traded fund offering broad exposure to the Style Box - Small Cap Growth category of the market.
FYC holds 262 small-cap growth stocks selected based on three short-term screens: price momentum, sales to price ratio, and one-year sales growth. Its expense ratio is high at 0.70%. While these screens are mostly momentum-based, FYC features an attractive 19.87% estimated EPS growth while trading at just 18.14x forward earnings. Importantly, it's also well-diversified. There are risks that FYC is borderline speculative. It holds many non-profitable biotechnology stocks, and its low asset turnover ratio indicates a relatively inefficient use of assets to generate sales.
Launched on 04/19/2011, the First Trust Small Cap Growth AlphaDEX ETF (FYC) is a passively managed exchange traded fund designed to provide a broad exposure to the Small Cap Growth segment of the US equity market.