First Trust NASDAQ Global Auto Index Fund (CARZ) is a publicly-traded exchange-traded fund (ETF) that tracks the performance of the NASDAQ OMX Global Auto Index. The ETF is designed to provide investors with exposure to a diversified portfolio of companies in the global automotive industry.
The NASDAQ OMX Global Auto Index includes companies that are engaged in the manufacture, distribution, and retail of automobiles, as well as companies that provide related products and services, such as auto parts manufacturers and dealerships. The index is designed to provide a broad representation of the global automotive industry, with a focus on companies that are leaders in innovation and technology.
CARZ provides investors with a low-cost, transparent way to gain exposure to the global automotive industry. The ETF is passively managed and has a relatively low expense ratio compared to other actively managed funds.
As of today, CARZ is still a publicly-traded ETF on the NASDAQ stock exchange under the ticker symbol CARZ. However, it's worth noting that the stock market can be volatile, and the current status of any ETF may fluctuate based on market conditions. Additionally, potential investors should carefully consider the risks associated with investing in an ETF, including the risk of market fluctuations and the potential for investment losses. It's important to conduct thorough research and consult with a financial advisor before making any investment decisions.
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