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This ETF will work...until it doesn't

By Benzinga
Asset Management

First Trust Dorsey Wright International Focus 5 ETF (NASDAQ: IFV) has received arguably the least amount of fanfare among the most successful ETFS. Just 10 months after coming to market, the First Trust Dorsey Wright International Focus 5 ETF is now home to $641.1 million in assets under management.

Judging by flows data, IFV got off to a slow start as essentially all of the ETF's current assets under management tally has flowed into the fund this year. Of course, it is worth noting IFV enjoys a big marketing advantage. It is the international equivalent of the wildly popular First Trust Dorsey Wright Focus 5 ETF (NASDAQ: FV). FV does not turn two until March and it already has over $4.2 billion in assets.

IFV applies the methodology used by FV at the international level. Meaning IFV holds five First Trust single-country or regional funds displaying favorable momentum characteristics. IFV's current lineup includes the First Trust United Kingdom AlphaDEX Fund FKU 0.12%, First Trust Switzerland AlphaDEX Fund FSZ and the First Trust Germany AlphaDEX Fund FGM.

Read more at Benzinga. 
Photo: Hans Gerwitz

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