New ETF from First Trust on Xetra: access to the US equity market for companies with the highest momentum ranking
August 5, 2024--Since Monday, a new exchange-traded fund from First Trust has been tradable on Xetra and Börse Frankfurt.
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The momentum ranking per company is determined by a) the difference between the current price and the average price over the last eight months and b) the difference between the average price over the last 50 days and the average price over the last 200 days.
In addition, no more than 40 companies may belong to the same sector. The composition of the index is updated quarterly. |
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