Is First Trust Financials AlphaDEX ETF (FXO) a Strong ETF Right Now?
ZACKSยท2025-08-25 11:21
Launched on 05/08/2007, the First Trust Financials AlphaDEX ETF (FXO) is a smart beta exchange traded fund offering broad exposure to the Financials ETFs category of the market.What Are Smart Beta ETFs?For a long time now, the ETF industry has been flooded with products based on market capitalization weighted indexes, which are designed to represent the broader market or a particular market segment.Investors who believe in market efficiency should consider market cap indexes, as they replicate market return ...