First Trust China AlphaDEX Fund (FCA)
First Trust China AlphaDEX Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $25.81, down 0.21% on the session, giving a market capitalisation of $49.6M. Its beta of 0.71 implies it has historically moved less than the broad market.
FCA offers broad China exposure with a twistit implements its AlphaDex methodology to select a concentrated portfolio of 50 stocks from the S&P China BMI universe based on a number of growth and value factors, subject to weighting constraints set at 15% above the sector percentages of the base index. The fund's tiered equal-weighting structure contributes to its significant mid and small-cap exposure. The fund is also rebalanced and reconstituted semi-annually. Overall, FCA is a breath of fresh air for those wanting to shy away from the 'big 4' Chinese state-owned banks that carry such a heavy hand in most China ETFs.
First Trust China AlphaDEX Fund is most often compared with the following Financial Services names: