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First Trust Multi Cap Value AlphaDEX Fund

FAB

Market cap $168M

105.29 USD

+0.17

0.16%

At close Updated Sep 14, 4:00 PM EDT

1 day

0.16%

5 days

-1.52%

1 month

-2.66%

3 months

4.52%

6 months

12.53%

Year to date

17.11%

1 year

20.62%

5 years

49.58%

10 years

137.09%

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 0%

Neutral 100%

Negative 0%

Citi's Services Business Pioneers Live Transactions on Swift's Ledger, Collaborating with FAB and OCBC to Redefine Always-On Global Payments

NEW YORK--(BUSINESS WIRE)--Citi announced today that it has successfully processed live transactions on Swift's blockchain-based ledger, marking a significant milestone in its strategy to deliver always-on, cross-currency, and interoperable payment solutions for its institutional clients. As the first U.S. bank to conduct live native ledger transactions, Citi has collaborated with First Abu Dhabi Bank (FAB) and Oversea-Chinese Banking Corporation (OCBC) on this global initiative. The initiative.

Citi's Services Business Pioneers Live Transactions on Swift's Ledger, Collaborating with FAB and OCBC to Redefine Always-On Global Payments

FAB: An Expensive But Exciting Multi-Cap Value ETF

FAB is a multi-cap value ETF with exposure to almost 700 U.S. stocks, offering a single-product solution for value investors. Fees are 0.64% and FAB manages $140 million in assets. Despite reasonably attractive fundamentals, FAB has delivered underwhelming returns in the last decade compared to a hypothetical benchmark I created based on ETFs from the S&P 1500 Composite. In addition, FAB's value features are weaker than SYLD's and PEY's, two alternative multi-cap funds appropriate for more aggressive and defensive investors, respectively.

FAB: An Expensive But Exciting Multi-Cap Value ETF

Why Now For U.S. Equity Income?

US equities, as measured by the S&P 500 Index, have performed strongly so far in 2023.

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