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FTRI First Trust II First Trust Indxx Global Natural Resources Income

13.1745
0.0584 (0.45%)
05 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
First Trust II First Trust Indxx Global Natural Resources Income NASDAQ:FTRI NASDAQ Exchange Traded Fund
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.0584 0.45% 13.1745 11.40 14.20 13.19 13.1001 13.18 26,452 22:16:11

Indxx LLC Launches the Indxx Global Natural Resources Income Index, Licensed to First Trust for Exchange Traded Fund

21/12/2015 4:54pm

Business Wire


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Indxx LLC is pleased to announce the launch of the Indxx Global Natural Resources Income Index (the “Index”). The Index has been licensed to noted Wheaton, Illinois-based ETF issuer First Trust Advisors L.P. for their exclusive use as the underlying benchmark for the First Trust Indxx Global Natural Resources Income ETF, which began trading today (NASDAQ: FTRI). The ETF previously traded under a different symbol (NASDAQ: CU), and tracked a different underlying benchmark.

Indxx’s research division believes that the growth of the natural resources sector is being driven by increasing globalization, urbanization and rising per-capita incomes in emerging markets, factors which have led to an increase in the representation of natural resources within the global equity universe from 13.3% to 24.7% in the last 15 years. Indxx expects these trends to continue going forward.

“We are excited to have developed this index for First Trust by using the cutting-edge capabilities of our research and analytics divisions to identify a unique trend and properly target it via an index-based approach” said Rahul Sen Sharma, Partner at Indxx. “We look at it as another example of how we seek to distinguish ourselves as a custom index provider that adds value throughout the index development process.”

“We believe this index represents an effective way to track the growing global demand for natural resources from strong and stable companies that also potentially provide a relatively high level of dividends” said Ryan Issakainen, CFA, Senior Vice President and ETF Strategist at First Trust.

The Index is modified market capitalization-weighted designed to track the performance of exchange listed dividend-paying companies, on a global basis, which are involved in five broad industry categories: energy, materials, agriculture, water and timber, and has been designed to provide targeted exposure to high-yielding upstream companies with prime assets and strong balance sheets, which not only produce stable cash flows, but also maintain dividend payments even during commodity downturns.

The Index was backtested to June 23, 2006 with an original value of 1,000, and officially launched on June 9, 2015. There are three versions of the Index currently available, a price return version (ticker: IGNRIP), total return version (ticker: IGNRI) and net total return version (ticker: IGNRINT). As of November 30, 2015, the Index included 48 securities with a weighted average market capitalization of $40.63 billion. These amounts are subject to change.

About Indxx

Founded in 2005, Indxx seeks to redefine the global indexing space. With offices in New York, London and New Delhi, the firm focuses on Index Development, Index Calculation, Analytics & Research and combines these services in a holistic, customized approach that is unique to the industry.

For more information about Indxx or the Indxx Global Natural Resources Income Index, visit: http://www.indxx.com/

Indxx Press & Media RelationsAttention: Anika Bhardwaj+1-844-55-INDXXinfo@indxx.com

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