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Published on 6 May 2024 on Zacks via Yahoo Finance

Is First Trust Technology AlphaDEX ETF (FXL) a Strong ETF Right Now?

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Designed to provide broad exposure to the Technology ETFs category of the market, the First Trust Technology AlphaDEX ETF (FXL) is a smart beta exchange traded fund launched on 05/08/2007.

What Are Smart Beta ETFs?

Market cap weighted indexes were created to reflect the market, or a specific segment of the market, and the ETF industry has traditionally been dominated by products based on this strategy.

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