FPXE
First Trust IPOX Europe Equity Opportunities ETFFPXE Fund Description
The First Trust IPOX Europe Equity Opportunities ETF 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 CHARTS AND PERFORMANCE
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FPXE Top 10 Countries
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 N/A out of 5.
FPXE Tradability
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 BENCHMARK COMPARISON SUMMARY
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FPXE BENCHMARK COMPARISON MARKET CAP SIZE
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