Published on 14 Jan 2022 on Zacks via Yahoo Finance
A smart beta exchange traded fund, the First Trust Technology AlphaDEX ETF (FXL) debuted on 05/08/2007, and offers broad exposure to the Technology ETFs category of the market.
What Are Smart Beta ETFs?
Products that are based on market cap weighted indexes, which are strategies designed to reflect a specific market segment or the market as a whole, have traditionally dominated the ETF industry.