First Trust Launches the First Trust International Developed Capital Strength ETF

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“First Trust”), a leading exchange-traded fund (“ETF”) provider and asset manager, announced today that it has launched a new ETF, the First Trust International Developed Capital Strength ETF (NASDAQ: FICS) (the “fund”). The fund seeks investment results that correspond generally to the price and yield (before the fund’s fees and expenses) of an equity index called The International Developed Capital Strength Index℠ (the “index”). The index seeks to provide exposure to international companies with a high degree of liquidity, the ability to generate earnings growth, and a record of financial strength and profit growth. Also included is a volatility screen that seeks out those companies with lower historic risk and favors companies with consistent historical security price performance.