First Trust Mid Cap Growth AlphaDEX Fund

FNY

Market cap $446M

Looking for broad exposure to the Mid Cap Growth segment of the US equity market? You should consider the First Trust Mid Cap Growth AlphaDEX ETF (FNY), a passively managed exchange traded fund launched on April 19, 2011.

Making its debut on 04/19/2011, smart beta exchange traded fund First Trust Mid Cap Growth AlphaDEX ETF (FNY) provides investors broad exposure to the Style Box - Mid Cap Growth category of the market.

If you're interested in broad exposure to the Mid Cap Growth segment of the US equity market, look no further than the First Trust Mid Cap Growth AlphaDEX ETF (FNY), a passively managed exchange traded fund launched on April 19, 2011.

The First Trust Mid Cap Growth AlphaDEX ETF (FNY) made its debut on 04/19/2011, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Mid Cap Growth category of the market.

Designed to provide broad exposure to the Mid Cap Growth segment of the US equity market, the First Trust Mid Cap Growth AlphaDEX ETF (FNY) is a passively managed exchange traded fund launched on 04/19/2011.

Making its debut on 04/19/2011, smart beta exchange traded fund First Trust Mid Cap Growth AlphaDEX ETF (FNY) provides investors broad exposure to the Style Box - Mid Cap Growth category of the market.

The First Trust Mid Cap Growth AlphaDEX ETF (FNY) was launched on 04/19/2011, and is a passively managed exchange traded fund designed to offer broad exposure to the Mid Cap Growth segment of the US equity market.

The First Trust Mid Cap Growth AlphaDEX ETF (FNY) made its debut on 04/19/2011, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Mid Cap Growth category of the market.

The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.

FNY is a mid-cap growth fund that selects 225 securities with strong growth characteristics and weak value features. Its expense ratio is 0.70% and FNY has $428 million in AUM. A return on assets is counted as a value screen, and as a result, FNY's Index systematically excludes these high-quality stocks. I view this as a serious flaw. However, there's no denying that FNY's growth features are terrific. I calculated 14.34% and 19.39% one-year estimated sales and earnings growth rates. Its 25.02x forward P/E ratio is also solid.