First Trust ISE-Revere Natural Gas ETF Posts Strong First Year Results ::
May 28, 2008
Among Top 20 ETFs in Price Appreciation & Significant Growth in Assets under Management
New York, May 28, 2008 – Revere Data, LLC, a fast-growing provider of financial information services, marked the one-year anniversary of the top-performing First Trust ISE-Revere Natural Gas ETF (NYSE:FCG). This innovative ETF tracks exchange-listed companies that derive a majority of their revenues from the exploration and production of natural gas as defined by Revere’s patented classification system and indexes.Since it started trading May 11, 2007, FCG has returned investors more than 45%, ranking it among the top 20 US ETFs for that 52-week period. Thus far in 2008, FCG is one of the top 10 US ETFs by price performance, within a universe of 738 funds. This performance has clearly caught investors’ attention, and FCG’s assets under management have grown to more than $100 million.
“In a challenging year for investors, we are delighted with the outstanding performance of the First Trust ISE-Revere Natural Gas ETF,” said Kevin O’Brien, CEO of Revere Data. “FCG has provided investors access to the natural gas sector, while addressing some of the risks associated with directly investing in the commodities futures market.”
Companies selected for FCG must derive a majority of their revenues from natural gas reserves or exploration in North America as well as meet such criteria as price performance, growth potential, and profitability.
FCG is one of 22 ETF and option products powered by Revere’s patented classification system, the Revere Hierarchy™. Revere classifies companies into nine times as many sectors as commonly used on Wall Street, mapping their products and services as well as such key business relationships as customers, suppliers and partners to give customers more precise views into the markets.
“The power of Revere is to create actionable investment opportunities, whether for a portfolio or as the basis of a financial instrument,” O’Brien added. “Our clients—investment professionals, media companies, or sponsors—look to us for a competitive advantage by being able to look deep inside companies and sectors to understand where value is created and transferred.”
For more information about the First Trust ISE-Revere Natural Gas ETF please refer to First Trust Advisors’ website, www.ftportfolios.com, or call (800) 621-1675.
About Revere
Revere Data, LLC, is a leading provider of financial information services that gives investors a better understanding of the cornerstone of all great companies: the products and services they sell. Revere goes deep inside companies to search, discover and classify their products and services, their focused lines of business, and their key business relationships. Products such as Revere Hierarchy™ and Revere Relationships™ deliver a more precise and deeper view of the market for thousands of publicly traded companies in the US, Canada, China, and the UK. Revere offers a comprehensive suite of data, online research, and index services for the investment community. For more information, please visit www.reveredata.com.
CONTACTS:
Bill Mendel
Mendel Communications
(212) 397-1030