IPOX Indexes rise to records on first trading day of 2018
IPOX Schuster LLC (www.ipox.com), the innovative financial services firm behind the IPOX® Indexes, is pleased to note fresh records in a number of its indexes on the first trading day of 2018, including the IPOX Global 50 (IPGL50), IPOX Composite U.S. (IPXC), IPOX 100 U.S. (IPXO), IPOX International (IPXI) and IPOX Asia-Pacific (IPTA).
Big gains amongst China-linked exposure was the focus of the day, including IPOX heavyweights e-commerce behemoth Alibaba Group (BABA US: +6.51%), real estate developer blue chip China Vanke (2202 HK: +9.94%) or social networker Weibo (WB US: +9.39%).
The IPOX Indexes serve as the underlying benchmark for a number of investment products, including the 5-star, USD million 989 First Trust U.S. Equity Opportunities ETF (FPX) or the First Trust International IPO ETF (FPXI).