ETF Newsletter - October 2026
First Trust's October 2026 ETF newsletter reports that its AIRR industrials fund fell 22.5% in the third quarter, as stocks tied to AI data centers weakened.
Themes· 4 pages · PDF
What it says
Figures as stated by First Trust, Oct 15, 2026- First Trust says AIRR's forward P/E fell from 24.9x to 18.1x over the quarter, against a 10-year average of 17.0x.First Trust, p. 1
- First Trust says the Q3 drop was AIRR's sixth decline of more than 20% since the fund began in 2014.First Trust, p. 2
- First Trust notes the 10-year US Treasury yield rose from 4.47% to 5.28% in the quarter, the highest since 2007.First Trust, p. 1
- First Trust cites an NBC News poll where 69% of respondents opposed a local AI data center, and SemiAnalysis's count of over 300 US cities and counties pausing or banning them.First Trust, p. 1
- First Trust, citing Aterio.io, reports 79 gigawatts of US compute capacity under construction and 433 gigawatts announced, against 54 gigawatts operating.First Trust, p. 2
Related ETFs
The funds the paper names that ETFIQ coversFigure: total return, 1 year, to Oct 21, 2026, from each fund’s page. All 415 thematic ETFs →
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What does the First Trust paper conclude?
First Trust's October 2026 ETF newsletter reports that its AIRR industrials fund fell 22.5% in the third quarter, as stocks tied to AI data centers weakened. The paper’s own words are at the link above.
What is a thematic ETF?
A fund that holds companies tied to one theme, such as AI or defense, picked by an index or a manager rather than by size alone. More on this →
Where can I read “ETF Newsletter - October 2026”?
On First Trust’s own site. ETFIQ summarizes the paper and does not host it. First Trust’s page ↗
Cite this pageCitation, APA and Markdown
ETFIQ, ETF Newsletter - October 2026 (First Trust), summary, as of Oct 21, 2026. https://etfiq.com/research/library/first-trust-etf-newsletter-october-2026/
Summary by ETFIQ. ETFIQ is not affiliated with First Trust; logos identify the source.