Big returns for Global IPO investors as IPOX ETFs hit fresh all-time Highs
IPOX Schuster LLC, the firm behind the IPOX® Indexes, is pleased to note a fresh all-time High in its IPOX® 100 U.S. (Index factsheet: https://bit.ly/3fj5eDe) and IPOX® International (Index factsheet: https://bit.ly/3lb5BkM).
The IPOX 100 U.S. Index added +0.62% to +45.90% YTD, outpacing all U.S. benchmarks. Big strength extended to the IPOX® International Index which surged to +60.29% YTD. (All data as of 10 am CT).
Gains were driven by follow-on buying after strong earnings and corporate actions, including Chinese e-commerce behemoth Pinduoduo (PDD US: +6.86%), Hong Kong-traded iPhone competitor Xiaomi (1810 HK: +4.77%), luxury online mall “off-white” owner Farfetch (FTCH US: +4.01%), Denmark’s biotech Genmab (GMAB DC: +1.81%) and U.S. software maker Fastly (FLSY US: +15.63%).
With an average overlap of just 3% to the conventional benchmarks, the IPOX® Indexes are institutional-caliber, asset-allocation focused portfolios managed with the goal to access the asset allocation benefits of investing Global New Listings and their unique factor foot-print, respectively.
Amongst the array of Financial Products tracking IPOX®, The IPOX® 100 U.S. and IPOX® International serve as the underlying including the $2 billion First Trust U.S. Equity Opportunities ETF (Ticker: FPX) (ETF factsheet: https://bit.ly/36Siviu) and $1 billion First Trust International Equity Opportunities ETF (Ticker: FPXI) (ETF factsheet: https://bit.ly/39lIhOM). Since their respective launch dates and unadjusted for risk, today’s move extended the relative lead of the “FPX” and “FPXI” ETFs to +26,316 bps. and +8,762 bps.