First Trust Mid Cap Growth AlphaDEX ETF (FNY): A Smart Beta Approach to Mid-Cap Growth

The First Trust Mid Cap Growth AlphaDEX ETF (FNY) is a smart beta exchange-traded fund (ETF) designed to provide exposure to the mid-cap growth segment of the market. This ETF utilizes a non-cap weighted strategy known as AlphaDEX, aiming to select stocks with better risk-return characteristics than traditional market cap weighted indexes. This article delves into FNY’s key features, including its performance, expense ratio, sector exposure, and alternatives.

Invesco Russell 1000 Dynamic Multifactor ETF (OMFL): A Deep Dive

The Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) provides exposure to the large-cap growth segment of the US equity market. This passively managed fund, with over $5 billion in assets, offers diversification through its holdings in various sectors, led by Information Technology, Financials, and Healthcare. The ETF seeks to mirror the performance of the Russell 1000 Invesco Dynamic Multifactor Index, employing a rules-based methodology to select securities from the Russell 1000 Index, which represents the 1,000 largest US companies. OMFL is a solid option for investors seeking exposure to this segment of the market, but alternative ETFs like Vanguard Growth ETF (VUG) and Invesco QQQ (QQQ) also deserve consideration.

Rob Arnott’s ‘Deletions ETF’ Bets on Outcast Stocks: A New Trend in Investing?

Renowned investor Rob Arnott, known as the ‘godfather of smart beta’, has launched a new Exchange Traded Fund (ETF) that takes a unique approach to investing. This ETF, called the Deletions ETF (ticker NIXT), targets companies that have been removed from major indices like the S&P 500 and the Russell 1000. Arnott’s strategy is based on the idea of ‘reversion to the mean’, suggesting that these ‘rejected’ companies can rebound and potentially outperform their former indices.

Roundhill Investments Announces Distributions for XDTE and QDTE ETFs

Roundhill Investments, an ETF sponsor focused on innovative financial products, has declared distributions for its XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) and QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF). The distribution per share for XDTE is 0.60%, amounting to $0.311931, while QDTE’s distribution per share is 0.77%, equaling $0.329389. The ex-date and pay date for both ETFs are September 5th and 6th, 2024, respectively.

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