First Trust International Equity Opportunities ETF (FPXI) Crosses $100 Million in Total Net Assets

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. The First Trust International Equity Opportunities ETF (Nasdaq: FPXI) is celebrating crossing $100 million in total net assets. FPXI seeks investment results that correspond generally to the price and yield (before the fund’s fees and expenses) of the IPOX® International Index (the “index”). The index measures the performance of the 50 largest and most liquid companies domiciled outside the U.S. within the IPOX® Global Composite Index (the “composite index”). The composite index is constructed and managed to provide a broad and objective view of global aftermarket performance of recent IPOs and spin-offs in both emerging and developed countries during their first 1000 trading days. “We believe this strategy provides a compelling way for investors to gain exposure to some of the most innovative, non-U.S. stocks in the world, many of which are also underrepresented in investors’ portfolios, in our opinion,” said Ryan Issakainen, CFA, Senior Vice President, ETF Strategist at First Trust.