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First Trust, iPath Migrate To NYSE Arca

Source: http://www.indexuniverse.com/sections/newsinfocus/10-news-in-focus/4619-first-trust-ipath-migrate-to-nyse-arca.html?Itemid=3&utm_source=straightstocks.com&utm_medium=sidebar&utm_campaign=rss
Posted on Tuesday, October 7th, 2008 | In Exchange Traded Funds
Contributed by: IndexUniverse Staff (http://indexuniverse.com) -

Last week, NYSE completed its acquisition of the Amex, prompting more consolidation within the industry.

 

The parade of exchange-traded products over to NYSE Arca is continuing this week, with First Trust Portfolios and iPath transferring exchange-traded portfolios to NYSE from the American Stock Exchange.

Since the NYSE announced its acquisition of the Amex, it has been as if July Fourth came early to the ETF world, with many providers moving portfolios to the NYSE Arca platform en masse.

Last week, NYSE completed its acquisition of Amex, and with the closing of the deal, cemented its position as the largest ETF platform: NYSE Arca now hosts 680 of the total 813 industry ETFs, and more than $320 billion in exchange-traded product assets (see story).

In the most recent ETF moves related to the NYSE-Amex deal, Barclays said it will transfer its iPath CBOE S&P 500 BuyWrite Index ETN to NYSE Arca as of October 31.

Barclays expects to move all Amex-listed ETNs and ETFs to NYSE Arca by the end of October.

The Vanguard Group, among other ETF providers, also recently moved a slate of ETFs over to NYSE Arca (see story).

In the case of First Trust, the ETF parade is slated for the first week of November, with 29 portfolios in all moving over to the NYSE Arca platform. The affected ETFs are:

First Trust Dow Jones Select MicroCap IndexSM Fund (FDM)

First Trust Morningstar® Dividend LeadersSM Index Fund (FDL)

First Trust IPOX-100 Index Fund (FPX)

First Trust Amex Biotechnology Index Fund (FBT)

First Trust Dow Jones Internet IndexSM Fund (FDN)

First Trust DB Strategic Value Index Fund (FDV)

First Trust Value Line® Equity Allocation Index Fund (FVI)

First Trust Value Line® Dividend Index Fund (FVD)

First Trust S&P REIT Index Fund (FRI)

First Trust Value Line® 100 Exchange-Traded Fund (FVL)

First Trust DJ STOXX® Select Dividend 30 Index Fund (FDD)

First Trust FTSE EPRA/NAREIT Global Real Estate Index Fund (FFR)

First Trust Dow Jones Global Select Dividend Index Fund (FGD)

First Trust Consumer Discretionary AlphaDEX® Fund (FXD)

First Trust Consumer Staples AlphaDEX® Fund (FXG)

First Trust Energy AlphaDEX® Fund (FXN)

First Trust Financials AlphaDEX® Fund (FXO)

First Trust Health Care AlphaDEX® Fund (FXH)

First Trust Industrials/Producer Durables AlphaDEX® Fund (FXR)

First Trust Materials AlphaDEX® Fund (FXZ)

First Trust Technology AlphaDEX® Fund (FXL)

First Trust Utilities AlphaDEX® Fund (FXU)

First Trust Large Cap Core AlphaDEX® Fund (FEX)

First Trust Mid Cap Core AlphaDEX® Fund (FNX)

First Trust Small Cap Core AlphaDEX® Fund (FYX)

First Trust Large Cap Growth Opportunities AlphaDEX® Fund (FTC)

First Trust Large Cap Value Opportunities AlphaDEX® Fund (FTA)

First Trust Multi Cap Growth AlphaDEX® Fund (FAD)

First Trust Multi Cap Value AlphaDEX® Fund (FAB)

 

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About IndexUniverse Staff (http://indexuniverse.com)
IndexUniverse encompasses the world of indexing and beyond. Our website and related subsites cover product and market developments related to index funds, exchange-traded funds (ETFs), index derivatives (futures / options / swaps), and the sophisticated investment strategies which use these financial tools. Our goal is to provide the industry's best news, columns, research, and features about the dynamic field of index-based investing and trading. Industry professionals, individual investors, business/finance students and academic researchers will find various features targeting their interests and needs. We also provide valuable tools and data to assess markets and investment products, and specialized discussion boards for our registered members to exchange cutting-edge ideas and market views. We aim to be educational, thought-provoking, and most importantly, rigorously independent in our perspective.

The development of IndexUniverse was a global effort, originally led by Steven Schoenfeld and Jim Wiandt, supported by John Spence and a diverse team in the U.S., Europe and Latin America, and enhanced by editorial contributors from around the world. The site is now managed solely by Jim Wiandt and the global Index Publications LLC team. The site was originally started by Steven as a data and information complement to his book, Active Index Investing, published by Wiley Finance in July 2004. As he recognized the need and potential for such a resource, in August 2003, Steven partnered with Jim, who as editor of The Journal of Indexes similarly recognized the industry's need for timely, useful and independent information on products and markets.

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