IPOX® International Index (IPXI)
The IPOX® International Index is an applied market cap-weighted index portfolio measuring the performance of the top 50 companies domiciled outside the United States ranked quarterly by market cap in the IPOX® Global Composite Index, subject to defined liquidity and exposure criteria. The IPOX® International Index has historically captured ca. 60% of total market cap created through non-U.S. domiciled New Listings activity over the past four years, respectively.
The Best of International New Listings
The IPOX® International Index (IPXI) captures the performance of the most significant and dynamic new listings outside the United States, offering a comprehensive view of how global equity markets evolve through innovation and growth. By systematically selecting and rebalancing the top 50 companies from the broader IPOX® Global Composite Index, IPXI reflects the diversity of industries and geographies shaping the international landscape, from technology and digital platforms to healthcare, energy, finance, and consumer services.
Historically, the index has represented the majority of new market capitalization created through international listings, highlighting its ability to track the companies redefining global competitiveness.
Serving as the underlying benchmark for the First Trust International Opportunities ETF (FPXI), the index provides a powerful lens into the “best of international new listings” driving progress across the world’s economies.