First Trust launches biotech and cybersecurity ETFs

Expansion of thematic range

First Trust has expanded its thematic ETF range with the launch of two funds offering exposure to cybersecurity and biotechnology through a UCITS structure, available on the London Stock Exchange.

The First Trust Nasdaq UCITS Cybersecurity ETF (CIBR) and the First Trust NYSE Arca Biotechnology UCITS ETF (FBT) will each be accessible to investors for a total expense ratio of 0.6% and are rebalanced quarterly. First Trust brings best-selling US ETF to the UK CIBR is based on the liquidity-weighted Nasdaq CTA Cybersecurity index, to be included on which a security must be listed on a global stock exchange, hold a minimum market cap of $250m and have three-month average daily dollar trading volume of $1m. It must also have a minimum free float of 20%. Alongside companies engaged...