First Trust Launches Canada's First European ETF

New exchange traded fund will provide Canadians with low cost exposure to European equities while hedging potential declines in foreign currencies

TORONTO, ONTARIO--(Marketwired - Feb 4, 2014) - FT Portfolios Canada Co. ("First Trust Canada"), a privately owned company is pleased to announce the launch of the common and advisor class of units of the First Trust AlphaDEX™ European Dividend Index ETF (CAD-Hedged) (TSX:EUR)(TSX:EUR.A).

The First Trust ETF seeks to replicate, to the extent possible, the performance of the AlphaDEX™ European Dividend Index, net of expenses. The investment strategy of the First Trust ETF is to invest in and hold the Constituent Securities of the AlphaDEX™ European Dividend Index in the same proportion as they are reflected in the AlphaDEX™ European Dividend Index or securities intended to replicate the performance of the AlphaDEX™ European Dividend Index.

The First Trust ETF will generally seek to hedge substantially all of its U.S. dollar, British pounds sterling, euros and Swiss francs currency exposure associated with its portfolio investments back to the Canadian dollar.

"First Trust Canada is pleased to offer Canadians the first European equity ETF to be listed on the TSX." said Fraser Howell, CEO and President of FT Portfolios Canada Co." Europe is home to some of the most iconic and recognizable global brands in the world and despite the recent recession, dozens of best-in-class companies in Europe have done well and could continue to do well" adds Howell. "Relative to the U.S., European stocks are trading at very attractive valuations based on low price to book ratios and high dividend yields," adds Karl Cheong, Senior Vice President Head of ETF Product Development. "European corporate earnings are still 35% below peak levels obtained in 2007, so there is significant potential for them to grow," adds Cheong.

About First Trust

The First Trust companies are a well-respected global enterprise with a history in the U.S. market since 1991 and in Canada since 1996. As at December 31, 2013, First Trust Advisors L.P., the portfolio advisor for the First Trust AlphaDEX™ ETFs, has approximately US $20 billion in ETF assets under management and more than US $85 billion total assets under supervision or management. First Trust is the enterprise name used for the various businesses conducted in Europe, Mexico, Canada and the U.S.

Further information about FT Portfolios Canada's ETFs can be found at www.firsttrust.ca.

Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the prospectus before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated.

Sources: Amundi Research, Bloomberg, FT Portfolios Canada Co.

Media ContactFraser Howell, PresidentFT Portfolios Canada Co.330 Bay Street, Suite 1300, Toronto, Ontario, M5H 2S8Email: FraserHowell@firsttrust.ca1-877-622-5552

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