First Trust International Equity Opportunities ETF (FPXI) Reaches 5-year Anniversary

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. The First Trust International Equity Opportunities ETF (Nasdaq: FPXI) is celebrating a milestone. FPXI, which 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”), reached its 5-year anniversary on November 4, 2019. 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. “Recent IPOs and spin-offs represent an important segment of the international stock market that is often absent from investors’ portfolios,” said Ryan Issakainen, CFA, Senior Vice President, ETF Strategist at First Trust. “This ETF provides a systematic strategy for investors to gain exposure to many of these stocks before they are added to broad international index funds and ETFs,” Issakainen said.