FANG-free IPOX 100 U.S. (ETF: FPX) takes out all-time High Thursday
IPOX Schuster LLC, the firm behind the IPOX Indexes, is pleased to note a fresh all-time high in its flagship benchmark IPOX 100 U.S. Index (BBG: IPXO) Thursday. As of 11:00 am CT, the portfolio rose +0.95% to +15.13% YTD, a fresh all-time High.
The IPOX 100 U.S. (BBG: IPXO) is designed to provide broad asset allocation-focused exposure to 100 of the largest U.S. domiciled IPOs, Spin-offs and IPO M&A using the IPOX Indexes Technology. Biggest movers of the index today included infrastructure software makers Fastly (FSLY US: +10.90%), Zscaler (ZS US: +6.02%) and Zoom Video (ZM US: +5.56%), while recreational vehicle distributor Camping World (CWH US: -7.85%) lagged.
“Today’ divergence vs. the benchmarks underlines one more time the case of looking at IPOs, Spin-offs and IPO M&A as a separate equity sector”, said Josef Schuster, CEO of IPOX Schuster LLC.
The IPOX 100 U.S. (BBG: IPXO) serves as the underlying benchmark for a number of financial products, including the $1.45 billion First Trust U.S. Equity Opportunities ETF (ticker: FPX). According to Bloomberg, the “FPX” ETF has gained +416.71% since inception of 04/13/2006, vs. 155.05% , 250.41% and 250.41% for the ETFs linked to the Russell 2000 (IWM), S&P 500 (SPY) and Russell 3000 (IWV), respectively .
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