First Trust Portfolios Canada wins 2019 Lipper® Fund Award
TORONTO, Nov. 15, 2019 (GLOBE NEWSWIRE) — First Trust Portfolios Canada announced today that its First Trust AlphaDEX™ U.S. Technology Sector Index ETF (“FHQ”) (TSX:FHQ) has won the 2019 Lipper Fund Award from Refinitiv for the best sector equity fund based on the fund’s three-year risk-adjusted performance.
Lipper Fund Awards from Refinitiv honor funds and fund management firms that have excelled in providing consistently strong risk-adjusted performance relative to similar funds, based on Lipper’s proprietary performance-based methodology.“Our award for best sector equity fund speaks to First Trust’s commitment to deliver long-term performance excellence and is a validation that our systematic and proprietary rules-based approach works across different sectors and geographies,” said Karl Cheong, CFA, Head of Distribution at First Trust Portfolios Canada. FHQ employs First Trust’s proprietary AlphaDEX™ stock selection methodology. The AlphaDEX™ methodology combines: (1) the traditional benefits of ETFs: intraday liquidity, generally lower expenses and daily transparency; and (2) the added advantages of the AlphaDEX™ methodology: the potential to outperform a benchmark and the selection and weighting of stocks based on investment merit.“In a year of both economic and geo-political gyrations, we at Lipper congratulate the 2019 Fund Award winners for delivering outstanding performance to their investors. We also wish First Trust continued success as they continue navigating this dynamic market environment,” said Robert Jenkins, Head of Research, Lipper at Refinitiv. “The influential and prestigious Lipper Fund Awards from Refinitiv are based on our Lipper Leaders Rating for Consistent Return. We are proud that our measurement of such an achievement enables us to grant these awards with authoritative recognition and emphasis on consistency to single funds and fund management groups.” FHQ was ranked as a Lipper Leader for Consistent Return with a top score of 5 for the period ending 2019/07/31 for the three-year time period.About First Trust
The First Trust companies are a well-respected global enterprise with a history in the U.S. market since 1991 and in Canada since 1996. As at October 31, 2019, First Trust Advisors L.P., the portfolio advisor for the First Trust AlphaDEX™ U.S. Technology Sector Index ETF, had approximately US$137.2 billion in total assets under supervision or management. First Trust is the enterprise name used for the various businesses conducted in Europe, Mexico, Canada and the U.S.Further information about First Trust Portfolios Canada’s ETFs can be found at www.firsttrust.caCommissions, trailing commissions, management fees and expenses all may be associated with investing in the funds. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. The funds are not guaranteed, their values change frequently, and past performance may not be repeated.The Lipper Fund Awards from Refinitiv, granted annually, highlights funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Lipper Fund Awards from Refinitiv are based on the Lipper Leader for Consistent Return rating, which is a risk adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification per award universe wins the Lipper Fund Award. For more information, see lipperfundawards.com. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.For further information: Media Contact: Karl Cheong FT Portfolios Canada Co., 40 King Street West, Suite 5102, Email: email@example.com, 1-877-622-5552