Introducing First Trust Indxx Innovative Transaction & Process UCITS ETF (“BLOK”)

Secure digital distributed ledger technology (otherwise known as Blockchain) offers a new way for information to be shared that brings potentially huge savings in time and money revolutionising middle and back-office operations. It has solved the issue of double-spend at a stroke; “digital scarcity” is a concept that can transform the functioning of financial markets. With more companies, creators and consumers experimenting with new ways to benefit from the technology, there is significant room for growth in its application across a whole range of industries. In fact we are only just beginning to understand the full extent of its ability to transform the safety and efficiency of how we do business.

The First Trust Index Innovative Transaction & Process UCITS ETF (BLOK) seeks to deliver investment returns that correspond generally to the price and yield (before the Fund’s fees and expenses) of an index called the Indxx Blockchain Index (the “Index”). The Index is designed to track the performance of companies that are either actively using, investing in, developing, or have products that are poised to benefit from blockchain technology and the potential for increased efficiency that it provides to various business processes.

At First Trust we see a great future for the Blockchain revolution. As a leader and pioneer in providing transformational technology ETF solutions, we feel it has the potential to make as much of an impact on the world as the internet did in the 1990s, transforming technology, decentralising the internet, revolutionising banking, and connecting life’s every need through IoT.