First Trust Advisors [see profile] plans to grow the number of international ETFs in its AlphaDEX line, said SVP and ETF strategist Dan Waldron in an interview with The MFWire.com.

SVP and ETF strategist Dan Waldron (foreground left) and SVP Andy Subramanian (right) at the bell ringing at the NYSE Euronext Photo by Ben Hider/NYSE Euronext

Waldron rang the opening bell at the NYSE Euronext today to mark the recent launch of 14 AlphaDEX ETFs, nine of which are international funds. The AlphaDEX funds track the performance of a group of custom "enhanced" indexes that use the AlphaDEX fundamental stock selection methodology.

The rollout this spring of the 14 products raised the total number of AlphaDEX ETFs to 30. Wheaton, Illinois-based First Trust debuted the AlphaDEX line in May 2007.

"We hope to add around half a dozen international AlphaDEX ETFs by the end of the year," Waldron said.

Other First Trust executives that attended the bell ringing ceremony included senior vice president Andy Subramanian, ETF strategist Ryan Issakainen, SVP Stan Ueland and vice president Scott Friske.

Aside from the 30 AlphaDEX ETFs, First Trust offers 30 other ETFs and two mutual funds, among other products.  

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