First Trust, the Wheaton, Illinois-based sixth-largest US issuer of exchange-traded funds, recently gave a global twist to its domestic IPO-focused ETF, the First Trust US IPO Index Fund (FPX). The newly launched First Trust International IPO ETF (FPXI) aims to replicate the success FPX, which was launched in 2006, but found favor with investors only at the start of 2013 …
The Dow Makes Us Bow Again
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The Dow Jones has exceeded expectations once again as it rose to another all-time high today. It seems investors are “hanging 10” on the wave of momentum that the surprisingly strong U.S. jobs report created last Friday. This is a hard pill to swallow as we near year-end, because all-time highs like …