TECH - Should You Invest in the First Trust Indxx NextG ETF? | Benzinga
Looking for broad exposure to the Technology - Telecom segment of the equity market? You should consider the First Trust Indxx NextG ETF (NASDAQ: NXTG), a passively managed exchange traded fund launched on 02/17/2011.
Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.
Sector ETFs also provide investors access to a broad group of companies in particular sectors that offer low risk and diversified exposure. Technology - Telecom is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 9, placing it in bottom 44%.
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The fund is sponsored by First Trust Advisors. It has amassed assets over $373 million, making it one of the average sized ETFs attempting to ...