Key stats
About First Trust IPOX Europe Equity Opportunities ETF
Expense ratio
0.70%
Home page
Inception date
Oct 4, 2018
ISIN
US33734X7883
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, its a good option for investors looking to access relatively fresh stock issues. The index is reconstituted and rebalanced quarterly.
Classification
What's in the fund
Exposure type
Electronic Technology
Health Technology
Technology Services
Finance
Stock breakdown by region