IPOX International (ETF: FPXI) sets multi-year High / More than doubles returns of Ultra-Cheap Benchmarks since 09/2016
IPOX Schuster LLC (www.ipox.com), the innovative Financial Services Firm focused on providing investment solutions for investors in global IPOs and Spin-offs, is pleased to note notable moves in some of its key strategies.
As of the close of Sep. 5th, 2019, the IPOX International (ETF: FPXI), e.g., rose +0.67% to +24.84% YTD, a massive +1563 bps. YTD ahead of its international benchmark and a multi-year High.
“Momentum buying in our allocation to secular unexplored growth firms underrepresented in the international benchmarks and seemingly insulated from jitters around trade and potential economic weakness, including Canada-domiciled ecommerce platform operator Shopify (SHOP CN), Hong Kong aircraft leasing firm BOC Aviation (2588 HK) or Tokyo-traded rotating Sushi restaurant operator Sushiro Global (3563 JP) propelled the portfolio to a multi-year High ”, said Dr. Josef Schuster, manager of the IPOX International (ETF: FPXI).
The Index serves as the underlying for a number of Financial Products, including the First Trust International Opportunities ETF (ETF: FPXI). According to Bloomberg, the “FPXI” ETF has more than doubled the returns of the ultra-cheap international benchmark ETFs over the past three years. The “FPXI” ETF also ranks as the best performing internationally-focused ETF amongst a list of 42 ETFs available for trading in the U.S., according to www.etf.com. The “FPXI” ETF is the sister fund of the USD billion 1.3 “FPX” ETF which focuses on U.S. domiciled exposure as defined by IPOX.