First Trust India NIFTY 50 Equal Weight ETF (NFTY)
First Trust India NIFTY 50 Equal Weight ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $54.63, down 0.46% on the session, giving a market capitalisation of $131.2M. Its beta of 0.63 implies it has historically moved less than the broad market.
The First Trust India NIFTY 50 Equal Weight ETF, formerly known as the First Trust Taiwan AlphaDEX Fund, seeks to track the total return (price appreciation and income generation) of the NIFTY 50 Equal Weight Index, before its own operational costs and fees. The fund typically commits at least 90% of its net assets, which includes any borrowed funds for investment, to the common shares that constitute this equity benchmark.
First Trust India NIFTY 50 Equal Weight ETF is most often compared with the following Financial Services names: