IPOX® International sets fresh all-time High as Chinese property servicers beat out China Tech / ETF in focus: FPXI
IPOX Schuster LLC, the firm behind the IPOX® Strategies, is pleased to note a fresh all-time High in its IPOX® International.
As of 12:00 pm ET, the broad-based portfolio added to +2.14% YTD, benefiting from fresh all-time Highs in its sub-portfolios, including the IPOX® China Core (CNI) and IPOX® 100 Europe (ETF: FPXE).
“After adding +71.50% during 2020, the IPOX® International continues to be driven by strong Momentum in a diversified mix of portfolio holdings resilient to COVID-19 inflicted global economic vows”, said J. Schuster, manager of the IPOX® Strategies.
Today’s strength was driven by continued gains in exposure linked to stocks trading across Asia-Pacific, including China-based real estate services providers Country Garden Services (6098 HK: +9.98%) and Ever Sunshine Lifestyle (1995 HK: +14.78%) which extended their rally after positive government policy comments and corporate actions earlier in the week. We also note a fresh all-time high in Tokyo-traded IPO M&A electronics components maker TDK Corp (6762 JP: +4.48%).
The IPOX® International serves as the underlying for the USD million 750, 5-star First Trust International Equity Opportunities ETF (FPXI) (ETF factsheet: https://bit.ly/39lIhOM).
For further information, including mandates, licensing and research, please contact us using the co-ordinates below.
The IPOX Team
IPOX Schuster LLC
225 West Washington, Suite 1675
Chicago, IL 60606
1-312-339-4114 (24.7 support)