Ryan Issakainen, vice president of First Trust Advisors, discussed their new ETF with CNBC this morning. The new ETF, First Trust Exchange-Traded Fund (GRID), launched earlier this week. This ETF seeks investment results that correspond generally to the price and yield (before the fund’s fees and expenses) of an equity index called the NASDAQ OMX® Clean Edge® Smart Grid Infrastructure IndexSM. The Index is designed to act as a transparent and liquid benchmark for the grid and energy infrastructure sector.
See the video below: