First Trust Launches First Trust New Constructs Core Earnings Leaders ETF
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 03 2024
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Source: Newsfilter
New ETF Launch: First Trust Advisors has launched the First Trust New Constructs Core Earnings Leaders ETF (FTCE), which aims to track the Bloomberg New Constructs Core Earnings Leaders Index, focusing on companies with high earnings quality by analyzing their core earnings.
Investment Strategy Insight: The fund utilizes a quantitative approach to select the top 100 companies from the Bloomberg 1000 Index based on earnings quality, as investors are increasingly seeking stocks that can deliver consistent and repeatable earnings amidst muted overall earnings growth.
Analyst Views on FTCE
Wall Street analysts forecast FTCE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FTCE is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 25.480
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Current: 25.480
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
