First Trust IPOX Europe Equity Opportunities ETF (FPXE)
First Trust IPOX Europe Equity Opportunities ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $34.33, up 0.95% on the session, giving a market capitalisation of $5.5M. Its beta of 0.98 implies it has historically moved less than the broad market.
The First Trust IPOX Europe Equity Opportunities ETF (the "Fund") has the objective of largely reflecting the overall returns, encompassing both price movements and dividend payouts, of the IPOX 100 Europe Index (the "Index"), prior to the deduction of its expenses. Normally, at least 90% of the Fund's net assets, including any leveraged investments, are committed into the equity securities and/or depositary receipts comprising the Index. Through an indexing strategy, the Fund strives to copy the Index's performance before accounting for fees and expenses. Its investment advisor targets a correlation of 0.95 or higher between its own performance and that of the Index, before expenses; a value of 1.00 would indicate a perfect match. IPOX Schuster LLC, identified as the Index Provider, is the proprietor, developer, administrator, and sponsor of this Index.
First Trust IPOX Europe Equity Opportunities ETF is most often compared with the following Financial Services names: