Should You Invest in the First Trust NASDAQ Bank ETF (FTXO)?

Designed to provide broad exposure to the Financials - Banking segment of the equity market, the First Trust NASDAQ Bank ETF (FTXO) is a passively managed exchange traded fund launched on 09/20/2016.Retail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds are also excellent vehicles for long term investors.Additionally, sector ETFs offer convenient ways to gain low risk and diversified expo ...