The IPOX® Week, May 11, 2020

  • Strong earnings drive big gains in the IPOX Indexes. FANG-free diversified IPOX 100 U.S. (ETF: FPX) soars +6.87%.
  • IPOX International (ETF: FPX) closes Friday within 0.30% of its All-Time-High. Saudi Aramco set to report Tuesday.
  • U.S. sees the busiest IPO week since COVID-19 pandemic. Zoom rival Pexip (PEXIP NO) set for Oslo trading debut.

Ahead of U.S. Options expiration week, IPOX Indexes jump: Big gyrations in U.S. bonds, easing COVID-19 fears reflected in a plunge in U.S. equity risk (VIX: -24.78%) and strong earnings left the IPOX Indexes way on top of the global equity indexes ranking last week. In the U.S., e.g., the FANG-free diversified IPOX 100 U.S. (ETF: FPX) jumped +6.87% to -6.17% YTD, a massive +337 bps. ahead of the S&P 500 (SPX), benchmark for U.S. stocks. Big gains extended to Markets abroad, including the IPOX International (ETF: FPXI), which soared +5.00% to +7.41% YTD, within easy reach of its All-Time High recorded on February 19, 2020:

“FPXI” ETF closes Friday within 0.30% of its All-Time High

The New Generation of stocks in the technology and consumer sector pooled in IPOX as a group and mostly untracked or underrepresented in the benchmarks and seemingly insulated from the global economic vows led to the strong relative and absolute picture (see Table to the right). More key earnings reports are set to

Select list of IPOX Portfolio Holdings set to report this week:

Name Ticker ETF Date
Cable One CABO UN FPX 5/11/2020 (post-mkt)
Grocery Outlet GO UW FPX 5/11/2020 (post-mkt)
Softbank 9434 JT FPXI 5/11/2020 (pre-mkt)
Dynatrace DT UN Equity FPX 5/12/2020 (pre-mkt)
BioNTech BNTX UW FPXE 5/12/2020 (pre-mkt)
Saudi Arabian Oil ARAMCO AB FPXI 5/12/2020
XP XP UW Equity FPXI 5/12/2020 (post-mkt)
E.ON EOAN GY FPXI 5/12/2020 (pre-mkt)
Nexi NEXI IM FPXI 5/12/2020 (pre-mkt)
TeamViewer TMV GY FPXI 5/12/2020 (pre-mkt)
1Life Healthcare ONEM UW FPX 5/13/2020 (post-mkt)
Alcon ALC UN FPX 5/13/2020 (pre-mkt)
NortonLifeLock NLOK US FPX 5/14/2020 (post-mkt)
Farfetch FTCH UN FPXE 5/14/2020 (post-mkt)
GDS Holdings Ltd GDS UQ FPXI 5/14/2020 (pre-mkt)

test the strong Sentiment and Technicals in the IPOX Indexes this week, including IPOX International (ETF: FPXI) heavyweight Japanese telecom 12/2018 IPO Softbank (9434 JP) and  Riyadh-traded oil behemoth 12/2019 IPO Saudi Aramco (ARAMCO AB). 

Long-only IPOX® Indexes Price Returns (%) Last Week 2019 2020 YTD
IPOX® Indexes: Global/International
IPOX® Global (IPGL50) (USD) 5.30 27.93 3.58
IPOX® International (IPXI)* (USD) (ETF: FPXI) 5.00 31.37 7.41
IPOX® Indexes: United States
IPOX® Composite U.S. (USD) 6.80 24.64 -3.07
IPOX® 100 U.S. (IPXO)* (USD) (ETF: FPX) 6.87 29.60 -6.17
IPOX® ESG (IPXT) (USD) 5.87
IPOX® Indexes: Europe/Nordic
IPOX® 30 Europe (IXTE) (EUR) 4.91 34.55 7.73
IPOX® Nordic (IPND) 6.61 38.52 4.80
IPOX® 100 Europe (IPOE)* (USD) 2.94 30.97 -3.22
IPOX® Indexes: Asia-Pacific/China
IPOX® Asia-Pacific (IPTA) (USD) 4.48 4.41 1.83
IPOX® China (CNI) (USD) 3.55 26.31 8.75
IPOX® Japan (IPJP)** (JPY) 2.94 37.91 -12.31

* Basis for ETFs: FPX US, FPX LN, FPXE US, FPXU FP, FPXI US, TCIP110 IT and CME-traded e-mini IPOX® 100 U.S. Futures (IPOM0). Source: Bloomberg L.P. & Refinitiv/Thomson Reuters. For IPOX Alternative Strategies Returns, please contact [email protected]

NOW TRADING: 0.25 tick IPOX 100 U.S. Index Futures (Front month: IPOM0). Whether you are a risk manager or speculator, CME Group – the world’s largest exchange operator – now offers efficient and cost-effective access to the IPOX 100 U.S. Index (ETF: FPX) via emini IPOX 100 U.S. Index Futures (Front month: IPOM0). Contact [email protected] for further info and Free Data & Resources.

Select IPOX’s biggest Winners and Losers (Last Week in %):
BILL.COM (ETF: FPX) 50.04 SAMHALLSBY. (ETF: FPXI) -19.05
LIVONGO (ETF: FPX) 42.15 AIB (ETF: FPXE) -13.20
EVERBRIDGE (ETF: FPX) 41.42 KOOLEARN (ETF: FPXI) -12.60
FARFETCH (ETF: FPXE) 27.84 NEOENERGIA (ETF: FPXE) -11.33
SVMK (ETF: FPX) 27.12 BAWAG (ETF: FPXE) -9.09
PAYPAL (ETF: FPX) 20.19 TERVEYSTALO (ETF: FPXE) -9.01
SLACK (ETF: FPX) 18.12 CHEWY(ETF: FPX) -8.14
UBER (ETF: FPX) 15.50 ARCOSA (ETF: FPX) -7.44
HELLOFRESH (ETF: FPXI) 14.89 ALTICE (ETF: FPX) -6.36
SEA (ETF: FPXI) 14.07 PST ITALIAN (ETF: FPXE) -4.57

U.S. sees the busiest IPO week since COVID-19 pandemic. Amid the easing of lockdowns, 3 sizable IPOs commenced trading across the global regions last week with the average equally-weighted deal adding +36.66% based on the difference between the final offering price and Friday’s close. Chinese software veteran Kingsoft’s cloud services provider spin-off Kingsoft Cloud (KC US: +40.24%), London-based gambling software provider GAN (GAN US: +69.53%) and Bristol-Myers Squibb backed Israeli oncology company Ayala Pharmaceuticals (AYLA US: +0.20%) all gained on their upsized Nasdaq debut. Zoom’ rival, Norwegian video-conferencing company Pexip (PEXIP NO), Chinese property management Central China New Life (9983 HK) and medical devices company Peijia Medical (9996 HK) set to trade this week. Other IPO news include: 1) Warner Music to kick off previously halted IPO; 2) Russia’s Yandex Taxi delays long-awaited IPO plan; 3) customer relationship management SaaS unicorn Freshworks moves forward with IPO; 4) NetEase follows Alibaba and JD.com to file Hong Kong secondary listing.

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