New First Trust Multi-Asset, Tech Dividend ETFs
Posted on August 13, 2012 at 17:27 PM EDT
First Trust is set to ring the opening bell on the Nasdaq exchange Tuesday morning to kick off two new ETFs: The First Trust Nasdaq Technology Dividend Index Fund (TDIV) and First Trust Multi-Asset Diversified Income Index Fund (MDIV). As its name implies, TDIV holds tech stocks that pay dividends. "The dividend growth rate of the technology sector has outpaced all other sectors over the past seven years and we believe the outlook for continued