IPOX Indexes rise to records on first trading day of 2018

IPOX Indexes rise to records on first trading day of 2018

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).