IPOX International surges to +69% YTD as China’s Pinduoduo (PDD US) jumps / 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 1:40 pm CT, the broad-based portfolio added +1.50% to +69.00% YTD, benefiting from fresh all-time Highs in the IPOX China (CNI) and IPOX 100 Europe (ETF: FPXE), respectively.
“The strong track record of the IPOX® International underlines the asset allocation potential of international IPO and Spin-off investing for U.S. investors”, said Josef Schuster, chief architect and manager of the IPOX Strategies.
Today’s big strength was driven by a broad set of companies typically not tracked in the benchmarks as a group, including China’s ecommerce platform Pinduoduo (PDD US: +16.68%) and Germany’s online food services group HelloFresh (HFG GY: +4.80%), for example.
The IPOX® International serves as the underlying for the USD million 700, 5-star First Trust International Equity Opportunities ETF (Ticker: 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
Dr. Josef Schuster
1-312-339-4114 (24.7 support)