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Materials are often viewed as a sleepy, cyclical corner of the market, but the artificial intelligence (AI) buildout is adding vim and vigor to the sector.
The materials sector appears notably overvalued, with the mining/metals and chemicals industries trading 30%+ above historical valuation baselines. The First Trust Materials AlphaDEX Fund ETF offers materials sector exposure with lower company-specific risk and a value tilt versus XLB. FXZ has outperformed XLB by 1.6% annualized since 2007 and by 17.5% over the last 12 months.
Launched on 05/08/2007, the First Trust Materials AlphaDEX ETF (FXZ) is a smart beta exchange traded fund offering broad exposure to the Materials ETFs category of the market.
Launched on May 8, 2007, the First Trust Materials AlphaDEX ETF (FXZ) is a passively managed exchange traded fund designed to provide a broad exposure to the Materials - Broad segment of the equity market.
A smart beta exchange traded fund, the First Trust Materials AlphaDEX ETF (FXZ) debuted on 05/08/2007, and offers broad exposure to the Materials ETFs category of the market.
Looking for broad exposure to the Materials - Broad segment of the equity market? You should consider the First Trust Materials AlphaDEX ETF (FXZ), a passively managed exchange traded fund launched on May 8, 2007.
The First Trust Materials AlphaDEX Fund ETF earns a buy rating for its quant-driven, diversified stock selection and consistent outperformance versus traditional materials ETFs. FXZ boasts a 17% YTD and 37% 12-month return, superior dividend growth, and lower valuations than peers, despite a higher expense ratio. The ETF's portfolio is weighted toward fast-growing industrial chemicals, metals, and mining stocks, leveraging cyclical commodity and chemical price trends.
Designed to provide broad exposure to the Materials - Broad segment of the equity market, the First Trust Materials AlphaDEX ETF (FXZ) is a passively managed exchange traded fund launched on May 8, 2007.