More Corporate Actions propel IPOX 100 U.S.; IPOX held Versum (VSM) soars on corporate action – ETF in focus: FPX
IPOX 100 U.S. (IPXO) held Versum Materials (VSM US: +15.51%) soars on deal to merge with semiconductor maker Entegris (ENTG US).
After the takeover of IPOX 100 U.S. held First Data (FDC), deal marks the second significant corporate action in the IPOX 100 U.S. in as little as 8 trading days.
Deal helps the IPOX 100 U.S. to outperform a weak market on Monday.
Investment products linked to the IPOX 100 U.S. (IPXO) include the 5-star (10-year), USD billion 1 “FPX” ETF which is up +10.34% YTD, +278.39% since 04/2006 launch.
“FPX” ETF provides FANG-free, large-cap growth & innovation centric exposure to 100 of the largest U.S. IPOs, Spin-offs and respective large-cap M&A representing underlying Equity Capital Markets (ECM) trends.