IPOX 100 U.S. Index (ETF: FPX) on course for 2nd consecutive All-Time Closing High!
IPOX Schuster LLC, the innovative Financial Services Firm behind the IPOX Indexes Strategies, is pleased to note a fresh all-time high in its IPOX 100 U.S. Index (IPXO).
As of 15:00 pm ET, the IPOX 100 U.S. (IPXO) added +0.70% to +24.85% YTD, a fresh intra-day All-Time High. The FANG-free, diversified USD trillion 1.7 IPOX 100 U.S. (IPXO) captures the performance of 100 of the largest and best U.S. IPOs, Spin-offs and IPO M&A over the past four years by applying the IPOX® Indexes Technology.
Today’s further move into uncharted territory was driven by follow-on Momentum Buying after Friday’s big-run up and driven by firms including application software maker SolarWinds (SWI US: +5.57%) and online recruiting services provider Upwork (UPWK US: +5.42%), as well as health care exposure including biotech Allogene (ALLO US: +4.84%) and medical devices maker Glaukos (GKOS US: +4.12%).
The IPOX 100 U.S. (IPXO) serves as underlying for a number of Financial Products, including the First Trust IPOX® U.S. Equity Opportunities ETF (ticker: FPX).
Incepted on 04/13/2006, the 5-star (10 year) USD billion 1.2 “FPX” ETF has produced a Total Return of +330.16% vs. 193.41% for the ETF tracking the S&P 500 (SPY) since launch (Source Bloomberg), an annual difference of +320 bps. in favor of the “FPX” ETF after fees. The “FPX” ETF currently trades at a beta of 1.08.
For further information, please contact us using the co-ordinates below.
The IPOX Team
IPOX Schuster LLC
Josef Schuster, PM
225 West Washington, Suite 400
Chicago, IL 60606
(312) 827-3681 (office)
(312) 339-4114 (cell)
THINK GROWTH – THINK IPOX®.