Hot Pot is hot: IPOX International (IPXI) Portfolio Holdings H.K.-traded Haidilao (6862 HK) and Yihai (1579 HK) reach post-IPO Highs / ETF in focus: FPXI
IPOX Schuster LLC, the firm behind the IPOX Strategies, is pleased to note fresh closing highs in select IPOX International Holdings, including H.K. traded USD billion 25.3 hot pot restaurant operator 09/2018 IPO Haidilao International (6862 HK), as well 07/2016 H.K. IPO Yihai International (1579 HK), a supplier of seasonings to hot pot restaurants, ranking these firms amongst the Top IPOs in the Honk Kong Market in recent history.
The companies are portfolio holdings of the IPOX International (IPXI), a basket of 50 of some of the largest, most liquid and best performing New Listings by applying the IPOX Portfolio Construction Technology.
“Amid the current scrutiny around the IPO market, these strong returns underline once more the unique nature and potency of some of the deals coming to market, as IPO companies often operate in unique sectors of the economy not susceptible to overall stock market and economic sentiment, therefore providing for the opportunity of adding unique portfolio returns”, says Dr. Josef Schuster, chief architect of the IPOX Indexes, including the IPOX International (IPXI).
The IPOX International (IPXI serves as the basis for a number of Financial Products, including the First Trust International Equity Opportunities ETF (ticker: FPXI). According to Bloomberg, as of the close of October 16th, FPXI has recorded an annualized return of +6.05% p.a. since inception, vs. +4.00% p.a. for the Vanguard Total International Stock ETF (VXUS). FPXI has a 5-star (3-year rating), according to Morningstar.