IPOX® Announcement: IPOX® 100 U.S. (FPX) Surges to New All-Time High, Up +21% Year-to-Date
IPOX® is pleased to announce that the IPOX® 100 U.S. Index (ETF: FPX) is set to open at a fresh all-time high, marking a significant milestone and extending its impressive year-to-date gain to +21%.
The strong performance is fueled by several key factors contributing to positive market sentiment for U.S. equities, including calmer global geopolitics, strategic end-of-quarter pre-positioning by investors, and reassuring commentary on inflation from FED Chair Powell.
This positive momentum is reflected across the suite of IPOX® Indexes:
The IPOX® 100 U.S. (FPX) continues to break records, reaching a new all-time high.
The IPOX® International (FPXI) and IPOX® 100 Europe (FPXE) both closed at fresh multi-year highs on Tuesday.
Leading the recent charge have been key holdings in the alternative energy sector, such as GE Vernova (GEV US), Siemens Energy (ENR GY), NuScale Power (SMR US), and Oklo Inc (OKLO US). In our Asia exposure, South Korean banking group KakaoBank (323410 KS) has also maintained significant recent gains.
Recognized as the gold standard for U.S. IPOs, the IPOX® 100 U.S. Index has provided investors with access to the 100 largest, most liquid, and best-performing U.S. initial public offerings since 2004. The index serves as the underlying benchmark for numerous financial products, including $2 billion in ETFs, SMAs, and the CME-listed IPOX® 100 U.S. E-mini Futures (IPOU5).
