First Trust Releases Expanded Technology ETF, XPND
June 15, 2021 at 12:55 PM EDT
On Tuesday, First Trust Advisors L.P., a leading exchange traded fund provider and asset manager, announced the launch of the First Trust Expanded Technology ETF (NYSE Arca: XPND). The fund seeks to provide long-term capital appreciation by investing at least 80% of its net assets (plus any borrowings for investment purposes) in common stocks of companies identified by the fund’s investment advisor as either information technology companies or consumer discretionary and communication services companies whose operations are principally derived from and/or dependent upon technology (collectively “expanded technology companies”).
