First Trust US Equity Opportunities ETF (FPX) Exceeds $1 Billion in Net Assets
First Trust Capital Strength ETF (FTCS)
US:NASDAQ Investor Relations:
ftportfolios.com/retail/etf/etfsummary.aspx?ticker=ftcs
Company Research
Source: Business Wire
WHEATON, Ill.--(BUSINESS WIRE)-- First Trust Advisors L.P. (“First Trust”), a leading exchange-traded fund (“ETF”) provider and asset manager, announced that net assets for the First Trust US Equity Opportunities ETF (NYSE Arca: FPX) (formerly First Trust US IPO Index Fund) now exceed $1 billion. FPX is an ETF with an investment objective to seek investment results that correspond generally to the price and yield (before the fund’s fees and expenses) of the IPOX®-100 U.S. Index (the “index”). The index measures the performance of the top U.S. companies ranked quarterly by market cap in the IPOX® Global Composite Index (the “composite index”). The index includes the 100 largest IPOs in the composite index. The index tilts toward mid- and large-cap stocks and has historically captured approximately 85% of total market capitalization created through U.S. IPO activity, according to IPOX Schuster, LLC. “
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