FPXE
First Trust IPOX Europe Equity Opportunities ETFFPXE Fund Description
FPXE tracks a market-cap-weighted index of the 100 largest European IPOs over the first 1,000 trading days for each stock.
FPXE Factset Analytics Insight
FPXE holds positions in the 100 largest developed-market European firms with recent IPOs, weighted by market cap. Eligible stocks are purchased after the close on the 6th trading day and sold on the 1000th, for a holding period of roughly 4 years. The fund applies further quantitative screens in addition to the usual de minimis size and liquidity requirements, but these are fairly relaxed: a minimum market cap of $50M at the close of the first trading day, publicly traded float of at least 15%, and no abnormal underpricing—defined as a first-day price increase more than 3 sigma above the mean. This process results in an eclectic basket that can change significantly when new firms enter and older ones age out. Overall, it’s a good option for investors looking to access relatively fresh stock issues.See sibling funds FPX and FPXI for US and broad international exposure, respectively, using the same methodology.
FPXE MSCI ESG Analytics Insight
First Trust IPOX Europe Equity Opportunities ETF has an MSCI ESG Fund Rating of A based on a score of 5.88 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. First Trust IPOX Europe Equity Opportunities ETF ranks in the 63th percentile within its peer group and in the 0th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
FPXE CHARTS AND PERFORMANCE
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FPXE Top 10 Countries
FPXE Top 10 Sectors
FPXE Top 10 Holdings [View All]
FPXE Portfolio Data
FPXE Index Data
FPXE Portfolio Management
FPXE Tax Exposures
FPXE Fund Structure
FPXE Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FPXE. FPXE is rated a 4 out of 5.
FPXE Tradability
FPXE Sector/Industry Breakdown
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FPXE TOP 10 HOLDINGS[View All]
FPXE Countries
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FPXE Regions
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FPXE Economic Development
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FPXE Performance Statistics
FPXE MSCI ESG Ratings
FPXE BENCHMARK COMPARISON SUMMARY
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FPXE BENCHMARK COMPARISON MARKET CAP SIZE
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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.