First Trust Files To Launch BICK ETF

ETF issuer First Trust has filed plans to launch the First Trust BICK Index Fund, which will trade under the ticker "BICK." The BICK Index tracks equities in Brazil, China, India and South Korea, hence the acronym BICK.

No single stock will account for more than 24% of the new fund and stocks must have a minimum market cap of $100 million to be included in the fund.