First Trust launch Nasdaq Rising Dividend Achievers ETF

The First Trust Nasdaq Rising Dividend Achievers ETF seeks investment results that correspond generally to the price and yield (before the fees and expenses) of the NASDAQ Rising Dividend Achievers Index. The Fund will normally invest at least 90% of its net assets (plus the amount of any borrowings for investment purposes) in securities that comprise the Index. 

The NASDAQ US Rising Dividend Achievers Index is comprised of securities determined by NASDAQ OMX to have increased their dividend value over the previous three year and five year annual periods, while being best positioned to continue the dividend increases.