First Trust Advisors, a global exchange-traded fund provider and asset manager has cross-listed the First Trust NASDAQ ABA Community Bank Index Fund (QABA), the First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) and the First Trust Nasdaq Cybersecurity ETF (CIBR) on the Bolsa Mexicana de Valores.
These ETFs present an opportunity for Mexican investors to access niche sectors of the economy while diversifying risk and maintaining lower costs when compared to traditional mutual funds.
“Mexico is a key market for First Trust and one of our fastest growing countries by asset growth in Latin America,” said Codie Sanchez Baker, Head of First Trust Latin America Investment Distribution. “Our hope is to continue to provide innovative and relevant solutions such as these newly cross-listed ETFs for our investors and clients.”
The First Trust NASDAQ ABA Community Bank Index Fund tracks a market capitalization-weighted index that includes the common stock of all Nasdaq listed banks and thrifts or their holding companies that are designated as banks by the Industry Classification Benchmark. The fund has a total expense ratio (TER) of 0.60%.
The First Trust NASDAQ Clean Edge Green Energy Index Fund includes companies engaged in manufacturing, development, distribution and installation of emerging clean-energy technologies including, but not limited to, solar photovoltaics, biofuels and advanced batteries. It has significant exposure to the technology (26.8%), industrials (24.9%), oil& gas (21.5%) and consumer goods (9.6%) sectors. The top holdings in the fund are Tesla (9.6%), Acuity (8.9%), Linear Technology (7.7%), First Solar (6.2%) and Microsemi (5.7%). TER 0.60%.
The First Trust Nasdaq Cybersecurity ETF is designed to track the performance of companies engaged in the cybersecurity segment of the technology and industrials sectors. It has significant exposure to the software (45.3%), communications equipment (20.8%), internet software & services (9.2%) and IT services (6.9%) sectors. TER 0.60%.
(All data as of 26 April 2016)
First Trust initially entered the Mexican market in 2011. Since then the firm has increased the number of First Trust ETFs cross-listed on the Bolsa Mexicana de Valores to 45.