The Mexican pension funds investment regulator, la Comisión Nacional del Sistema de Ahorro para el Retiro (CONSAR), has approved four additional First Trust ETFs for sale to Mexican funded pensions, known as AFORES, they are:
- First Trust Health Care AlphaDEX® Fund (Ticker: FXH)
- First Trust NYSE Arca Biotechnology Index Fund (Ticker: FBT)
- First Trust US Equity Opportunities ETF (Ticker: FPX)
- First Trust Rising Dividend Achievers ETF (Ticker: RDVY)
“The evolution of the Mexico pension system has been remarkable to watch: it seems not so long ago when the AFORES first started to incorporate ETFs to diversify their stock positions,” said Codie Sanchez, Head of First Trust Latin America Investment Distribution. “We are excited to add four additional ETFs approved for use by the Mexican AFORES due to client demand. As always, we’re incredibly thankful to our clients in Mexico, the CONSAR and the AMAFORE who continue to allow us to grow right alongside them. As we say in Spanish, Adelante! Or, forward together.”
Back in NOvember, 2014 two First Trust ETFs received such approval, they were the First Trust Large Cap Value AlphaDEX Fund with ticker FTA and the First Trust Large Cap Core AlphaDEX Fund, with ticker FEX. Since then, other five vehicles had been approved, totalling 11 First Trust ETFs in which the AFORES can invest. The other five are:
- First Trust STOXX® European Select Dividend Index Fund (Ticker: FDD)
- First Trust Dow Jones Internet Index Fund (Ticker: FDN)
- First Trust Financials AlphaDEX® Fund (Ticker: FXO)
- First Trust Morningstar Dividend Leaders Index Fund (Ticker: FDL)
- First Trust Chindia ETF (Ticker: FNI)