First Trust Emerging Markets AlphaDEX Fund (FEM)
First Trust Emerging Markets AlphaDEX Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $32.45, up 1.30% on the session, giving a market capitalisation of $610.4M. Its beta of 0.81 implies it has historically moved less than the broad market.
FEM does not promise broad exposure to emerging markets, trying instead to build a portfolio of stocks positioned to outperform. The fund uses a selection methodology focused on growth and value factors to screen firms by scoring each security twice by both growth and value characteristics, assigning whatever score is highest as the stock's style score. It then takes the 150 top-scoring stocks and breaks them into quintiles, giving higher-scoring quintiles greater weight in the index. The index is rebalanced and reconstituted semi-annually.
First Trust Emerging Markets AlphaDEX Fund is most often compared with the following Financial Services names: