First
Trust Advisors L.P. (“First Trust”), a global ETF provider and asset
manager, today announced that Mexican pension funds investment
regulator, La Comisión Nacional del Sistema de Ahorro para el Retiro
(CONSAR), has approved two First Trust ETFs for sale to Mexican funded
pensions, known as AFORES. According to Mexico’s pension plan investment
guidelines, before an ETF can be purchased in a pension fund, it must be
approved by CONSAR. “We are pleased that our first two AlphaDEX ETFs are
officially approved for sale to Mexican pension funds,” said Dan
Lindquist, Managing Director of First Trust. “This opportunity helps to
further expand the footprint of our merit-based AlphaDEX ETFs into a new
institutional market for First Trust.”
The two funds that have been approved are:
First Trust Large Cap
Value AlphaDEX® Fund (NYSE Arca: FTA)
First Trust Large
Cap Core AlphaDEX® Fund (NYSE Arca: FEX)
In addition, both funds are cross-listed on the Bolsa Mexicana de
Valores under the same ticker symbols.
Currently, over 51 million Mexican workers save for their retirement in
AFORES, according to CONSAR. There are approximately $164 billion (USD)
in assets under management in Mexican pension funds and CONSAR projects
Mexico’s retirement savings will grow to $225 billion (USD) by 2018. “As
Mexico’s retirement savings grows, we are delighted to provide local
pension managers an option for investing in index-based ETFs that seek
risk-adjusted excess returns over time by selecting and weighting stocks
based on fundamental merit-based factors,” Lindquist said.
For more information about First Trust, please contact Ryan Issakainen
of First Trust at (630) 765-8689 or RIssakainen@FTAdvisors.com.
About First Trust
First Trust Advisors L.P., along with its affiliate First Trust
Portfolios L.P., are privately held companies which provide a variety of
investment services, including asset management and financial advisory
services, with collective assets under management or supervision of
approximately $101 billion as of October 31, 2014 through unit
investment trusts, exchange-traded funds, closed-end funds, mutual funds
and separate managed accounts. First Trust is based in Wheaton,
Illinois. For more information, visit http://www.ftportfolios.com.
You should consider each fund’s investment objectives, risks, and
charges and expenses carefully before investing. Contact First Trust
Portfolios L.P. at 1-800-621-1675 to obtain a prospectus or summary
prospectus which contains this and other information about the funds.
The prospectus or summary prospectus should be read carefully before
investing.
An index fund’s return may not match the return of the applicable index.
Securities held by an index fund will generally not be bought or sold in
response to market fluctuations.
Investors buying or selling fund shares on the secondary market may
incur customary brokerage commissions. Market prices may differ to some
degree from the net asset value of the shares. Investors who sell fund
shares may receive less than the share’s net asset value. Shares may be
sold throughout the day on the exchange through any brokerage account.
However, unlike mutual funds, shares may only be redeemed directly from
the fund by authorized participants, in very large creation/redemption
units.
A fund’s shares will change in value, and you could lose money by
investing in a fund. One of the principal risks of investing in a fund
is market risk. Market risk is the risk that a particular stock owned by
a fund, fund shares or stocks in general may fall in value. There can be
no assurance that the fund’s investment objective will be achieved.
A fund may invest in securities issued by companies concentrated in a
particular industry or sector which involves additional risks including
limited diversification. A fund may invest in small capitalization and
mid capitalization companies. Such companies may experience greater
price volatility than larger, more established companies.
The funds are classified as “non-diversified” and may invest a
relatively high percentage of their assets in a limited number of
issuers. As a result, the funds may be more susceptible to a single
adverse economic or regulatory occurrence affecting one or more of these
issuers, experience increased volatility and be highly concentrated in
certain issuers.
Investors should review all relevant offering materials, including all
applicable risk factors, and should consult with financial and tax
advisors relating to tax and other consequences of investing in a
particular security prior to making an investment.
The securities have not been and will not be registered with the
National Securities Registry maintained by the Mexican National Banking
and Securities Commission, and may not be offered or sold publicly in
Mexico. The securities may be offered, on a private basis, to Mexican
institutional and accredited investors.
Copyright Business Wire 2014