Four additional First Trust ETFs approved for Mexican pensions

Oct 17th, 2017 | By | Category: ETF and Index News

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An additional four new First Trust ETFs have been approved by the Mexican pension funds investment regulator, La Comisión Nacional del Sistema de Ahorro para el Retiro (CONSAR), for sale to Mexican pension funds.

Four additional First Trust ETFs approved for sale in Mexican pension plans

Eleven First Trust ETFs are now available for sale to Mexican pension plans.

In accordance with Mexico’s pension plan investment guidelines, CONSAR must approve an ETF before it can be purchased by local pension funds, also known as AFORES. The latest round of approvals brings the total number of First Trust ETFs now available for sale to Mexican pension funds to eleven.

The newly approved ETFs are outlined below:

First Trust Health Care AlphaDEX Fund (FXH)
First Trust NYSE Arca Biotechnology Index Fund (FBT)
First Trust US Equity Opportunities ETF (FPX)
First Trust Rising Dividend Achievers ETF (RDVY)

A list of previously approved First Trust ETFs is reproduced below:

First Trust STOXX European Select Dividend Index Fund (FDD)
First Trust Dow Jones Internet Index Fund (FDN)
First Trust Financials AlphaDEX Fund (FXO)
First Trust Morningstar Dividend Leaders Index Fund (FDL)
First Trust Chindia ETF (FNI)
First Trust Large Cap Value AlphaDEX Fund (FTA)
First Trust Large Cap Core AlphaDEX Fund (FEX)

Codie Sanchez, head of First Trust Latin America investment distribution, commented: “The evolution of the Mexico pension system has been remarkable to watch: it seems not so long ago when the AFORES first started to incorporate ETFs to diversify their stock positions. We are excited to add four additional ETFs approved for use by the Mexican AFORES due to client demand. As always, we’re incredibly thankful to our clients in Mexico, the CONSAR and the AMAFORE who continue to allow us to grow right alongside them. As we say in Spanish, Adelante! Or, forward together.”

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