First Trust Taiwan AlphaDEX® Fund Announces Board Approval of Proposed Changes to Investment Objective
FIRST TRUST TAIWAN ALPHADEX FUND (FTW)
US:NASDAQ Investor Relations:
ftportfolios.com/retail/etf/etfsummary.aspx?ticker=ftw
Company Research
Source: Business Wire
WHEATON, Ill.--(BUSINESS WIRE)-- First Trust Taiwan AlphaDEX® Fund (Nasdaq: FTW) (“Fund”), an exchange-traded index fund and a series of First Trust Exchange-Traded AlphaDEX® Fund II (“Trust”), announced today that the Board of Trustees (“Board”) of the Trust has approved changes to the Fund’s investment objective. Subject to shareholder approval, the Fund’s new investment objective (“New Investment Objective”) will be to seek investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called the NIFTY 50 Equal Weight Index (“Index”). The Index is compiled, calculated and maintained by India Index Services & Products Limited (“IISL”), a wholly owned subsidiary of the National Stock Exchange of India. The Index is an equally weighted total return index designed to provide diversified exposure to the NIFTY 50, the main index for Indian equity
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