IPOX Ahead of the Market – S&P 500 (SPX) set to follow IPOX 100 U.S. (ETF: FPX) to close Thursday at fresh All-Time 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 3 pm ET, June 20, 2019, the IPOX 100 U.S. Index (IPXO) added +0.54% to +27.53% YTD, with the S&P 500 (SPX) – benchmark for U.S. stocks – also set to close at the highest level on record.
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 by applying the IPOX® Indexes Technology. Positions currently include a Satellite Portfolio consisting of a large number of IPOs in the small- and mid-cap space centered around a Core Portfolio in some of the largest and most liquid Spin-offs and IPO M&As over the past years.
Today’s further move into uncharted territory was driven by big gains in growth firms including car vending machine operator Carvana (CNVA US: +5.09%), as well as application software makers Blackline (BL US: +4.74%) as well as Zendesk (ZEN US: +3.44%).
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 +339.51% vs. 199.28% for the ETF tracking the S&P 500 (SPY) since launch, an annual difference of +321 bps. in favor of the “FPX” ETF after fees. The “FPX” ETF currently trades at a Beta of 1.08. (Source: Bloomberg)
We also note fresh All-Time Highs in other IPOX Strategies, including the IPOX 30 U.S. (IPXT) and super-liquid IPOX Global (IPGL50).
For further information, please contact us using the co-ordinates below.
The IPOX Team
IPOX Schuster LLC
Dr. Josef Schuster, PM
225 West Washington, Suite 400
Chicago, IL 60606
(312) 827-3681 (office)
(312) 339-4114 (cell)