Launched on 02/17/2011, the First Trust Indxx NextG ETF (NASDAQ: NXTG) is a passively managed exchange traded fund designed to provide a broad exposure to the Technology - Telecom segment of the equity market. Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors. Additionally, sector ETFs offer convenient ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Technology - Telecom is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 11, placing it in bottom 31%. Index Details The fund is sponsored by First Trust Advisors. It has amassed assets over $398.16 million, making it one of the average sized ETFs attempting ...