The First Trust family of exchange-traded funds or ETFs announced yesterday through a press release that it is working with the International Securities Exchange to introduce three new ETFs.
One ETF will track a basket of companies that derive a significant portion of their revenue from the water business. Another ETF will do the same for companies in the natural gas industry. Both of these ETFs are expected to be available to investors in May of this year and do not yet have ticker symbols.
The third ETF will be launched later in the year is a Chindia (China -India) ETF which will track a basket of Indian and Chinese companies that are listed on U.S. exchanges. These three new ETFs will add to the stable of First Portfolio's twelve ETFs now available to ETF investors.
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