First Trust lists one new SMID Rising Dividend Achievers ETF on the LSE

First Trust lists one new First Trust SMID Rising Dividend Achievers UCITS ETF on London Stock Exchange

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By ETFWorld.co.uk

Rupert Haddon Managing Director at First Trust Global Portfolios

First Trust SMID Rising Dividend Achievers UCITS ETF

Investment Objective

The First Trust SMID Rising Dividend Achievers UCITS ETF, is a passively managed Fund that seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of the Nasdaq US Small Mid Cap Rising Dividend Achievers™ Index.

The Index is comprised of securities in small and medium sized companies that have increased their dividends over the previous three year and five year periods, whilst exhibiting characteristic that may position them to continue to do so in future, including reporting greater earnings per share in the most recent fiscal year than the earnings per share three years prior, and a cash to debt ratio of greater than 25%.

The Index is designed to provide access to a portfolio of small and mid-capitalisation income producing securities.

Source: ETFWorld