The International Securities Exchange (ISE) today announced that the First Trust Advisors portfolio of exchange traded funds (ETFs) based on ISE's proprietary indexes has reached over $500 million in aggregate assets under management. ISE's "pure play" indexes serve as benchmarks for the ETFs that target high growth sectors including natural gas, global wind energy, the emerging markets of China and India, global engineering and construction services and the water industry.
"We are very excited that these ETFs, which we developed in close partnership with First Trust Advisors, are continuing to gain traction as effective investment vehicles in the marketplace," said Kris Monaco, Director of New Product Development at ISE, in a release. "We remain committed to developing a broad range of innovative investment products that allow customers to trade their views on specialized segments of the market." "First Trust is pleased that the suite of ISE index-based ETFs has reached this important milestone," said Robert F. Carey, CFA and Chief Investment Officer at First Trust, in the release. "These products allow us to meet the growing demand for investment vehicles that allow our customers to gain exposure to a broad range of specialty sectors."