First Trust Indxx Innovative Transaction & Process ETF (LEGR)
XMEX 
Summary
LEGR Chart
First Look At The LEGR ETF Results In A Strong Sell Rating
LEGR ETF is rated a Strong Sell due to high fees, low trading volume, and failure to generate Alpha compared to market benchmarks. LEGR's portfolio is top-heavy and heavily international, with over 60% in non-US stocks and significant exposure to emerging markets like China and India. The Indxx Blockchain Index, which LEGR tracks, includes companies with significant blockchain investments but has questionable stock selections like Mastercard and AT&T.
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First Trust Indxx Innovative Transaction & Process ETF Profile
| XMEX Exchange | US Country |
Overview
The fund operates with a focus on investments in blockchain technology and its applications. It aims to capitalize on the growth and potential of blockchain in improving business processes across various industries. By maintaining a minimum investment of 90% of its net assets in stocks and depositary receipts that are part of its targeted index, the fund seeks to offer its investors exposure to companies deeply entrenched in or stand to benefit significantly from blockchain innovation. These companies range from those actively using blockchain technology to those developing new applications or investing in the ecosystem to enhance operational efficiencies.
Products and Services
- Investment in Blockchain Technology Companies:
The fund invests in a mix of companies that are either using blockchain technology actively in their operations, investing in blockchain development, or creating products that integrate blockchain to enhance business efficiencies. This investment approach aims to ensure that fund holders gain exposure to the forefront of blockchain innovation and its transformative potential across sectors.
- Tracking Index Performance:
By anchoring its investment strategy to an index specifically designed to monitor the performance of blockchain-engaged companies, the fund provides a structured and focused investment avenue. This index reflects the progress and market response to companies making significant strides in blockchain technology, allowing investors to potentially benefit from the sector's growth dynamics.
