Deutsche Bank Parts Ways With First Trust

The First Trust DB Strategic Value Index Fund (NYSE: FDV) has performed admirably since its debut three years ago, but has netted only $45 million in assets and the latter may be why Deutsche Bank is terminating its relationship with First Trust in June 2010.

That means the ETF will have to find a new underlying index to follow. FDV tracks stocks that are perceived to be undervalued. Top holdings include Chevron (NYSE: CVX), Pfizer (NYSE: PFE) and Microsoft (NYSE: MSFT).

FDV also suffers from light trading volume, averaging less than 16,200 shares per day.


There are 0 comments
Please note that comments may take up to one hour before they get published on the site. Please check back later to see your comments.

Post new comment

The content of this field is kept private and will not be shown publicly.