LEGR Profile
The First Trust Indxx Innovative Transaction & Process ETF is designed to capitalize on the burgeoning field of blockchain technology and its applications in various business processes. Under normal market conditions, the fund invests at least 90% of its net assets, including any investment borrowings, in common stocks and depositary receipts that are components of its benchmark index. This index tracks companies that are actively engaged in utilizing, investing in, or developing blockchain technology, as well as those with products poised to benefit from the increased efficiency and innovation driven by this technology.
Blockchain technology, known for its role in powering cryptocurrencies like Bitcoin, has broader applications across industries including finance, supply chain management, and digital identity verification. The index targets firms involved in a range of activities from blockchain development to practical applications of the technology in business operations. This focus aims to provide investors with exposure to companies at the forefront of technological innovation that is set to transform traditional business processes and enhance operational efficiency.
The ETF's investment strategy is based on the belief that blockchain technology will continue to drive significant advancements in various sectors. By concentrating on companies that are leaders in blockchain innovation, the fund seeks to capture growth potential from this disruptive technology. The index’s composition includes firms that are involved in the development of blockchain infrastructure, companies that implement blockchain solutions, and those that benefit from blockchain-enhanced efficiencies.
Managed by First Trust Advisors L.P., the fund leverages the firm's expertise in thematic investing and technology-focused strategies. First Trust is known for its ability to identify and invest in emerging trends with strong growth potential. The First Trust Indxx Innovative Transaction & Process ETF is well-suited for investors looking to gain exposure to the transformative impact of blockchain technology across different industries, providing both potential for capital appreciation and the opportunity to participate in cutting-edge technological advancements.
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