First Trust IPOX Europe Equity Opportunities ETF (FPXE) NASDAQ
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Address
120 East Liberty Drive, Suite 400
Wheaton, IL 60187
United States of America (the)
Phone
1-800-621-1675
Sector
Financial Services
Industry
Asset Management - Global
Employees
N/A
First IPO Date
October 18, 2018
The First Trust IPOX Europe Equity Opportunities ETF (the "Fund") has the objective of largely reflecting the overall returns, encompassing both price movements and dividend payouts, of the IPOX 100 Europe Index (the "Index"), prior to the deduction of its expenses. Normally, at least 90% of the Fund's net assets, including any leveraged investments, are committed into the equity securities and/or depositary receipts comprising the Index. Through an indexing strategy, the Fund strives to copy the Index's performance before accounting for fees and expenses. Its investment advisor targets a correlation of 0.95 or higher between its own performance and that of the Index, before expenses; a value of 1.00 would indicate a perfect match. IPOX Schuster LLC, identified as the Index Provider, is the proprietor, developer, administrator, and sponsor of this Index.