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The First Trust Small Cap Value AlphaDEX ETF (FYT) was launched on April 19, 2011, and is a passively managed exchange traded fund designed to offer broad exposure to the Small Cap Value segment of the US equity market.
A smart beta exchange traded fund, the First Trust Small Cap Value AlphaDEX ETF (FYT) debuted on 04/19/2011, and offers broad exposure to the Style Box - Small Cap Value category of the market.
Strong returns in U.S. stocks, particularly over the past two plus years, have led investors to question the relative lack of companies going public via the IPO process — as well as the potential implications for the IPO market in the long term. According to active equity managers, a combination of increased public market regulation, a reduced pipeline of potential offerings following the prior boom, the rising role of large private asset managers in capital raising, and near-term uncertainty surrounding government policy are all contributing factors. At Russell Investments, we think investors benefit from taking a long-term view.
First Trust Small Cap Value AlphaDEX® Fund ETF combines two factors of the Fama-French model, size and value. FYT is well diversified across holdings, but quite concentrated in financials. FYT combines value and growth characteristics and shows impressive dividend growth.
The S&P 500 is on the verge of reaching the 5,000 milestone mark for the first time ever. High-beta ETFs seem a perfect bet at present to make huge profits amid the bullish backdrop.
Faster-than-expected U.S. economic recovery, geopolitical tensions, a stronger greenback and a resilient consumer base should boost small-cap ETFs now.
Peaking rates, decent U.S. GDP growth rate, stronger greenback and still-high consumer spending make these small-cap value ETFs better-positioned.
The month of July was especially upbeat for small-cap indexes.