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. 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. The index is reconstituted and rebalanced quarterly.
FPXE Summary Data
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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 3 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 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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