Cboe Canada Welcomes First Trust's New Dividend-Focused ETF

Cboe Canada Welcomes a New ETF from First Trust

Cboe Canada Inc. proudly introduces the First Trust SMID Cap Rising Dividend Achievers ETF, marking a significant step in providing investors with diverse options in the ETF market. This new ETF is designed to focus on the growing trend of dividend-paying companies across the small to mid-cap sectors.

Understanding the New ETF

The First Trust SMID Cap Rising Dividend Achievers ETF aims to replicate the performance of the Nasdaq US Small Mid Cap Rising Dividend Achievers Index. This unique index selects securities within the small to mid-cap range, specifically those companies that have demonstrated the ability to increase their dividends over the last three and five years.

Investment Strategy

Nilesh Patel, Head of Distribution at First Trust Canada, emphasized that the firm is committed to delivering innovative investment strategies tailored for investment advisors. He noted that with anticipated lower interest rates, companies that consistently pay dividends, especially in the small to medium cap space, are poised to benefit significantly. This ETF offers Canadian investors access to high-quality US equities, making it an attractive investment choice.

Trading Opportunities with Cboe Canada

This new ETF joins the ranks of other First Trust ETFs already listed on Cboe Canada, further enhancing trading opportunities. Investors can access units of this ETF through various investment channels, including discount brokerage platforms and full-service dealers. This flexibility means that both retail and institutional investors can benefit from the enhanced investment offerings now available.

The Growing Demand for US Equities

Rob Marrocco, Global Head of ETF Listings at Cboe Global Markets, highlighted the consistent demand from Canadian investors for exposure to U.S. equities. The introduction of the First Trust Canada ETF provides a novel approach to accessing these markets, with promising potential for increased income from dividend-paying stocks.

Cboe Canada: A Leader in the ETF Market

Cboe Canada supports over 300 unique listings, which include an array of ETFs across various themes, Canadian Depositary Receipts (CDRs), and innovative growth companies both locally and internationally. The exchange is known for facilitating a significant portion of trading volume in Canadian listed securities.

Your Gateway to Canadian ETFs

As a hub for ETF trading, Cboe Canada remains dedicated to providing investors with comprehensive tools and resources. Their user-friendly platform offers access to in-depth ETF research and analysis, including real-time data on over 1,200 Canadian ETFs.

About Cboe Canada

Cboe Canada is recognized as a premier stock exchange, having opened its doors in 2015 to foster a vibrant listing experience for issuers. The exchange focuses on promoting companies and products that contribute to the evolving economies of today and tomorrow.

About First Trust Canada

First Trust Canada serves as the trustee, manager, and promoter of the new ETF. The firm, alongside its affiliates, specializes in investment services and has a solid track record in managing assets rapidly approaching U.S. $236 billion. Their diverse offerings include unit investment trusts, exchange-traded funds, and closed-end funds.

Frequently Asked Questions

What is the focus of the new ETF launched by First Trust?

The First Trust SMID Cap Rising Dividend Achievers ETF focuses on small to mid-cap companies that consistently increase their dividend payouts.

How can investors access this new ETF?

Investors can buy units of the ETF through their preferred brokerage platforms, including both discount and full-service options.

What are the expected benefits of the ETF?

The ETF offers investors exposure to high-quality U.S. equities that could provide a steady income stream through dividends, especially in the shifting interest rate environment.

When did Cboe Canada launch its ETF platform?

Cboe Canada has been operational since 2015 and continues to expand its ETF offerings to cater to market demands.

Who manages the First Trust SMID Cap Rising Dividend Achievers ETF?

The ETF is managed by First Trust Canada, which has extensive expertise in investment management and a considerable asset base under supervision.

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