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IPOX Breaking News: Ahead of Alibaba, First Trust IPOX 100 ETF (ticker: FPX) sets fresh all-time high !!!

Ahead of the much anticipated IPO of Alibaba Group (BABA US), IPOX is pleased to note a fresh all-time high in the First Trust IPOX 100 ETF (ticker: FPX).

The USDm 525 Fund gained +0.32% to +10.39% YTD during Thursday’s trading session, on course for a 6th straight consecutive positive weekly gain. Return drivers included heavyweights drug maker Abbvie Inc. (ABBV US: +1.15%) and U.S. hospital operator HCA Holdings (HCA US: +2.15%). Infrastructure software maker Palo Alto Networks (PANW US: +1.76%) extended its post-IPO record run after Tuesday’s strong earnings report.

Launched on April 13th 2006, the IPOX-linked First Trust IPOX 100  ETF (FPX) is a pioneering fund, bringing indexed IPO and Spin-off investing to the U.S. marketplace. Based on the innovative IPOX methodology, the fund carries a 5-star (3- and 5-year) rating from Morningstar.

Best Regards

The IPOX Team

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