FGM
First Trust Germany AlphaDEX Fund
📎 Investment Objective
The First Trust Germany AlphaDEX Fund (FGM) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the NASDAQ AlphaDEX Germany Index.
Overview
ETF tracking First Trust Germany AlphaDEX Fund
Performance
Price Chart
Investment Summary
📎 Investment Objective
The First Trust Germany AlphaDEX Fund (FGM) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the NASDAQ AlphaDEX Germany Index.
🎯 Investment Strategy
The fund employs an 'AlphaDEX' stock selection methodology to select stocks from the NASDAQ Germany Index. This methodology is designed to provide capital appreciation potential by identifying stocks with growth characteristics.
✨ Key Features
- Focuses on German equities using a quantitative selection process
- Aims to outperform the broader German stock market
- Diversified portfolio of German companies across various sectors
- Relatively low expense ratio compared to actively managed funds
⚠️ Primary Risks
- Exposure to a single country, making it susceptible to economic and political developments in Germany
- Potential for higher volatility compared to a broad international or global fund
- Currency risk as the fund's performance is affected by the value of the Euro
- Liquidity risk due to the relatively small size of the fund
👤 Best For
This ETF may be suitable for investors seeking exposure to the German equity market as part of a diversified international portfolio. It may be particularly appealing to investors with a higher risk tolerance who are looking for the potential of outperforming the broader German market.