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Upturn AI SWOT - About
First Trust Brazil AlphaDEX® Fund (FBZ)
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Upturn Advisory Summary
04/01/2025: FBZ (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type ETF | Historic Profit -10.59% | Avg. Invested days 48 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Volume (30-day avg) 1689 | Beta 1.18 | 52 Weeks Range 8.86 - 11.77 | Updated Date 04/2/2025 |
52 Weeks Range 8.86 - 11.77 | Updated Date 04/2/2025 |
Upturn AI SWOT
First Trust Brazil AlphaDEX® Fund
ETF Overview
Overview
The First Trust Brazil AlphaDEXu00ae Fund (FBZ) is designed to select and weight stocks from the NASDAQ Brazil Index using the AlphaDEXu00ae methodology. This strategy aims to generate alpha by identifying stocks with the potential for outperformance in the Brazilian equity market.
Reputation and Reliability
First Trust is a well-established ETF provider with a reputation for innovation and offering diverse investment strategies.
Management Expertise
First Trust has a dedicated team of investment professionals with experience in managing and researching various ETF strategies, including international equity.
Investment Objective
Goal
The fund seeks investment results that correspond generally to the price and yield (before the Fundu2019s fees and expenses) of an equity index called the NASDAQ Brazil AlphaDEXu00ae Index.
Investment Approach and Strategy
Strategy: The fund uses the AlphaDEXu00ae methodology, which selects stocks based on growth factors including sales growth, price appreciation, and momentum, as well as value factors including book value to price, cash flow to price, and return on assets. The stocks are then weighted based on their AlphaDEXu00ae score.
Composition The ETF holds a diversified portfolio of Brazilian equities across various sectors, weighted according to the AlphaDEXu00ae methodology.
Market Position
Market Share: Data unavailable.
Total Net Assets (AUM): 22660000
Competitors
Key Competitors
- iShares MSCI Brazil ETF (EWZ)
- Franklin FTSE Brazil ETF (FLBR)
Competitive Landscape
The Brazilian equity ETF market is dominated by broad market-cap weighted ETFs. FBZ differentiates itself with its AlphaDEXu00ae methodology, which may offer potentially higher returns, but comes with increased risk and deviation from the broad market index. FBZ's approach seeks to outperform market-cap weighted strategies, while others aim for broader market exposure. FBZ's competitive advantage is its smart beta approach, but it faces challenges from larger, more liquid ETFs like EWZ and FLBR.
Financial Performance
Historical Performance: Historical performance data not readily available in structured format for all time periods.
Benchmark Comparison: Data unavailable for direct numerical comparison. Performance should be compared against the NASDAQ Brazil AlphaDEXu00ae Index.
Expense Ratio: 0.8
Liquidity
Average Trading Volume
FBZ's average trading volume is relatively low, suggesting lower liquidity compared to larger Brazil ETFs.
Bid-Ask Spread
The bid-ask spread can be wider due to lower trading volume, potentially increasing trading costs.
Market Dynamics
Market Environment Factors
Economic growth in Brazil, commodity prices, political stability, and global market sentiment significantly impact FBZ's performance.
Growth Trajectory
The growth trajectory is closely tied to the performance of the Brazilian economy and the effectiveness of the AlphaDEXu00ae methodology in selecting outperforming stocks. Changes to strategy and holdings are determined by the AlphaDEXu00ae model.
Moat and Competitive Advantages
Competitive Edge
FBZ's competitive edge lies in its AlphaDEXu00ae methodology, which aims to enhance returns by actively selecting and weighting stocks based on value and growth factors. This strategy distinguishes it from traditional market-cap weighted ETFs. The fund targets stocks with the potential for outperformance. This approach could appeal to investors seeking higher returns than passive strategies, but it carries higher tracking error.
Risk Analysis
Volatility
FBZ's volatility is expected to be higher than broader Brazil ETFs due to its concentrated portfolio and active selection methodology.
Market Risk
Market risk is high due to FBZ's focus on a single emerging market, which is subject to political, economic, and currency risks.
Investor Profile
Ideal Investor Profile
The ideal investor for FBZ is someone seeking potentially higher returns from Brazilian equities and willing to accept higher volatility and risk than a broad-based index fund.
Market Risk
FBZ is suitable for investors with a higher risk tolerance and a long-term investment horizon who believe in the AlphaDEXu00ae methodology. It is less suitable for risk-averse investors or those seeking passive index tracking.
Summary
The First Trust Brazil AlphaDEXu00ae Fund (FBZ) offers exposure to Brazilian equities through a smart beta approach, aiming to outperform market-cap weighted indices. It utilizes the AlphaDEXu00ae methodology, selecting stocks based on growth and value factors. While this strategy may offer higher return potential, it also comes with increased volatility and risk associated with emerging markets. FBZ is suitable for investors with a higher risk tolerance looking for active management in the Brazilian market.
Similar Companies
- EWZ
- FLBR
- BZUN
- BRAQ
Sources and Disclaimers
Data Sources:
- First Trust Website
- ETF.com
- Morningstar
- Bloomberg
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Market share data may not be current.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About First Trust Brazil AlphaDEX® Fund
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is designed to select stocks from the NASDAQ Brazil Index (the base index) that may generate positive alpha, or risk-adjusted returns, relative to traditional indices through the use of the AlphaDEX® selection methodology.
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