IPOX® 100 Europe Index (IPOE)
The IPOX® 100 Europe Index is an applied market cap-weighted index portfolio measuring the performance of the top 100 companies domiciled in a developed European country, ranked quarterly by market cap in the IPOX® Global Composite Index, subject to liquidity and exposure criteria. The IPOX® 100 Europe Index has historically captured ca. 90% of total market cap created through European New Listings activity over the past four years, respectively.
The Best of European New Listings
As of January 2024, portfolio holdings include a broad mix of firms representing recent European Equity Capital Markets (ECM) trends ranging from German premium carmaker Porsche, British consumer healthcare giant Haleon, and Norwegian energy firm Var Energi to Swedish private equity firm EQT.
The IPOX® 100 Europe Index serves as the underlying benchmark for the
First Trust IPOX® Europe Opportunities ETF (FPXE US).
Europe’s Regions in Focus
Western Europe: A Hub of Innovation and Global Leadership
Western Europe, home to the financial powerhouse of London, and the Euronext exchanges of France and the Netherlands, boasts a diverse array of companies across various sectors. From chipmaker ARM, a global leader in semiconductor design, to British fintech trailblazer Wise, revolutionizing international money transfers, this region is a hotbed of innovation. Pharmaceutical giant GSK continues to push boundaries in healthcare, while French reward services company Pluxee, a spin-off from Sodexo, brings fresh ideas to employee and customer engagement. Transport conglomerate Bolloré showcases the region's strength in logistics, and Dutch-listed Universal Music Group highlights the enduring power of Europe's creative industries.
Central and Eastern Europe: Blending Tradition and Technology
Central and Eastern Europe, anchored by Germany's large and diversified economy, is a region where established industries intersect with cutting-edge innovation. Siemens Healthineers, a spin-off from the renowned Siemens conglomerate, is at the forefront of healthcare imaging technology, while Daimler Truck, a trucking powerhouse, is driving the future of transportation. Birkenstock, the iconic German shoe and mattress maker, exemplifies the region's commitment to quality craftsmanship. Poland's InPost is transforming e-commerce with its innovative delivery solutions, and Switzerland's pharmaceutical expertise shines through companies like recently listed skin care giant Galderma, generics spin-off Sandoz and inflammation specialist MoonLake Immunotherapeutics.
The Nordics: Leading the Way in Sustainability and Digital Transformation
The Nordic and Scandinavian countries, are known for their forward-thinking approach to business and society. Swedish music streaming giant Spotify has revolutionized the way people consume and discover music, while Danish pharmaceutical company Novo Nordisk is leading the charge in developing innovative treatments for diabetes and obesity. Swedish rare disease specialist SOBI is making strides in addressing unmet medical needs. Finland-based Amer Sports, the sports apparel maker behind popular brands like Arcteryx and Wilson, showcases the region's strength in consumer goods and healthy living. Norway's Höegh Autoliners, a global leader in vehicle transportation services, exemplifies the region's expertise in efficient and sustainable logistics solutions.
Southern Europe: Combining Experience and Innovation for Global Growth
Southern Europe, encompassing countries like Italy, Portugal, and Spain, is home to a rich cultural heritage and a thriving startup ecosystem. Portuguese renewable energy firm Greenvolt Energias is harnessing the power of wind, solar, and biomass to build a cleaner future, while Italian luxury brands like Ferretti and Ermenegildo Zegna continue to set the standard for style and craftsmanship on a global stage. Transportation conglomerate Iveco, also based in Italy, is driving innovation in commercial vehicles and sustainable mobility solutions. Across the region, companies are leveraging their unique strengths and traditions to compete in an increasingly connected and dynamic global marketplace.
