First Trust Nasdaq Bank ETF (FTXO) — ()
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Is First Trust NASDAQ Bank ETF (FTXO) a Strong ETF Right Now?
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Sentiment: Neutral ()
Designed to provide broad exposure to the Financials ETFs category of the market, the First Trust NASDAQ Bank ETF (FTXO) is a smart beta exchange traded fund launched on 09/20/2016.
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Deregulation in Banks in Cards? Financial ETFs in Focus
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Sentiment: Neutral ()
Trump announced Monday that Fed Governor Michelle Bowman would serve as the central bank's new vice chair for supervision. Bowman???s appointment may lift restrictions on lenders.
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Time for Bank ETFs?
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Sentiment: Positive ()
An improving economy, steepening of the yield curve, and improved investment banking and trading operations have been helping bank ETFs lately.
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About First Trust Nasdaq Bank ETF FTXO
The First Trust Nasdaq Bank ETF is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of an index called the Nasdaq US Smart Banks™ Index. The Fund seeks to replicate the holdings and weightings of the Nasdaq US Smart Banks™ Index so as to generate performance results 95% correlated to that of the Nasdaq US Smart Banks™ Index.