First Trust Launches the First Trust Expanded Technology ETF

WHEATON, Ill.–(BUSINESS WIRE)–First Trust Advisors L.P. (“First Trust”) a leading exchange-traded fund (“ETF”) provider and asset manager, announced today that it has launched the First Trust Expanded Technology ETF (NYSE Arca: XPND) (“the fund”). The fund seeks to provide long-term capital appreciation by investing at least 80% of its net assets (plus any borrowings for investment purposes) in common stocks of companies identified by the fund’s investment advisor as either information techno