Market Overview

First Trust to Launch the First Trust IPOX® Europe Equity Opportunities ETF

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Index-tracking ETF that measures the performance of the top 100
European-domiciled IPOs.

First
Trust Advisors L.P.
("First Trust"), a leading exchange-traded fund
("ETF") provider and asset manager, announced today that it expects to
launch a new ETF, the First Trust IPOX® Europe Equity
Opportunities ETF (NASDAQ Global: FPXE) (the "fund"), on October 5,
2018. 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 IPOX® 100 Europe Index (the "index"). The index is
a market-cap weighted portfolio measuring the performance of the 100
largest and typically most liquid initial public offerings ("IPOs")
(including spin-offs and equity carve-outs) of companies that are
economically tied to Europe, ranked quarterly by market capitalization,
in the IPOX® Global Composite Index.

The fund allows investors to gain exposure to the largest and most
liquid European-domiciled IPOs and spin-offs without the single stock
risk of trying to pick which IPOs will be successful. "Exposure to the
IPOX 100® Europe Index provides investors with a diversified,
one stop solution to access the performance of European new listings, an
economically significant group of companies which often serve as a proxy
for European economic growth and innovation," said Dr. Josef Schuster,
CEO of IPOX® Schuster LLC, the developer and provider of the
index. "I believe that this unique investment approach will benefit
investors seeking equity exposure outside the traditional European
benchmarks," said Dr. Schuster.

Because the fund will only own recent IPOs and spin-offs, there will be
very little overlap with traditional index funds, which generally have a
waiting period before adding them. "Recent IPOs and spin-offs represent
an important segment of the European stock market that is often absent
from other European focused index ETFs. This fund provides a unique
strategy for investors to gain exposure to the innovation and growth of
these stocks before many are added to broad index funds," said Ryan
Issakainen, CFA, Senior Vice President, Exchange-Traded Fund Strategist
at First Trust.

For more information about First Trust, please contact Ryan Issakainen
at (630) 765-8689 or RIssakainen@FTAdvisors.com.

About First Trust

First Trust is a federally registered investment advisor and serves as
the fund's investment advisor. First Trust and its affiliate First Trust
Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately
held companies that provide a variety of investment services. First
Trust has collective assets under management or supervision of
approximately $134 billion as of August 31, 2018 through unit investment
trusts, exchange-traded funds, closed-end funds, mutual funds and
separate managed accounts. First Trust is the supervisor of the First
Trust unit investment trusts, while FTP is the sponsor. FTP is also a
distributor of mutual fund shares and exchange-traded fund creation
units. First Trust and FTP are based in Wheaton, Illinois. For more
information, visit http://www.ftportfolios.com.

You should consider the fund's investment objectives, risks, and
charges and expenses carefully before investing. Contact First Trust
Portfolios L.P. at 1-800-621-1675 or visit
www.ftportfolios.com
to obtain a prospectus or summary prospectus which contains this and
other information about the fund. The prospectus or summary prospectus
should be read carefully before investing.

ETF Characteristics

The fund will list and principally trade its shares on The Nasdaq Stock
Market LLC.

The fund's return may not match the return of the IPOX® 100
Europe Index. Securities held by the fund will generally not be bought
or sold in response to market fluctuations.

Investors buying or selling fund shares on the secondary market may
incur customary brokerage commissions. Market prices may differ to some
degree from the net asset value of the shares. Investors who sell fund
shares may receive less than the share's net asset value. Shares may be
sold throughout the day on the exchange through any brokerage account.
However, unlike mutual funds, shares may only be redeemed directly from
the fund by authorized participants, in very large creation/redemption
units. If the fund's authorized participants are unable to proceed with
creation/redemption orders and no other authorized participant is able
to step forward to create or redeem, fund shares may trade at a discount
to the fund's net asset value and possibly face delisting.

Risk Considerations

The fund's shares will change in value, and you could lose money by
investing in the fund. One of the principal risks of investing in the
fund is market risk. Market risk is the risk that a particular stock
owned by the fund, fund shares or stocks in general may fall in value.
There can be no assurance that the fund's investment objective will be
achieved.

The fund may invest in securities issued by companies concentrated in a
particular industry, sector, or country, which involves additional
risks, including limited diversification. The fund may invest in small
capitalization and mid capitalization companies. Such companies may
experience greater price volatility than larger, more established
companies.

An investment in a fund containing securities of non-U.S. issuers is
subject to additional risks, including currency fluctuations, political
risks, withholding, the lack of adequate financial information, and
exchange control restrictions impacting non-U.S. issuers. These risks
may be heightened for securities of companies located in, or with
significant operations in, emerging market countries. The fund may
invest in depositary receipts which may be less liquid than the
underlying shares in their primary trading market.

The fund is subject to greater risks of adverse events which occur in
the European region and may experience greater volatility than a fund
that is more broadly diversified geographically. A significant number of
countries in Europe are member states in the European Union, and the
member states no longer control their own monetary policies. In these
member states, the authority to direct monetary policies, including
money supply and official interest rates for the Euro, is exercised by
the European Central Bank. The United Kingdom's referendum on June 23,
2016 to leave the European Union (known as "Brexit") sparked
depreciation in the value of the British pound, short-term declines in
the stock markets and heightened risk of continued economic volatility
worldwide.

The stocks of companies that have recently conducted an initial public
offering are often subject to price volatility and speculative trading.
These stocks may have exhibited above-average price appreciation in
connection with the initial public offering prior to inclusion in the
fund. The price of stocks included in the fund may not continue to
appreciate and their performance may not replicate the performance
exhibited in the past.

As the use of Internet technology has become more prevalent in the
course of business, the fund has become more susceptible to potential
operational risks through breaches in cyber security.

Changes in currency exchange rates and the relative value of non-U.S.
currencies will affect the value of the fund's investments and the value
of fund shares.

The fund currently has fewer assets than larger funds, and like other
relatively new funds, large inflows and outflows may impact the fund's
market exposure for limited periods of time.

The fund is classified as "non-diversified" and may invest a relatively
high percentage of its assets in a limited number of issuers. As a
result, the fund may be more susceptible to a single adverse economic or
regulatory occurrence affecting one or more of these issuers, experience
increased volatility and be highly concentrated in certain issuers.

First Trust Advisors L.P. is the adviser to the fund. First Trust
Advisors L.P. is an affiliate of First Trust Portfolios L.P., the fund's
distributor.

The information presented is not intended to constitute an investment
recommendation for, or advice to, any specific person. By providing this
information, First Trust is not undertaking to give advice in any
fiduciary capacity within the meaning of ERISA and the Internal Revenue
Code. First Trust has no knowledge of and has not been provided any
information regarding any investor. Financial advisors must determine
whether particular investments are appropriate for their clients. First
Trust believes the financial advisor is a fiduciary, is capable of
evaluating investment risks independently and is responsible for
exercising independent judgment with respect to its retirement plan
clients.

A patent with respect to the IPOX® index methodology has been
issued (U.S. Pat. No. 7,698,197). IPOX® is a registered
international trademark of IPOX® Schuster LLC (www.ipoxschuster.com).

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