First Trust International Equity Opportunities ETF (FPXI)

The First Trust International IPO ETF (FPXI) is an exchange-traded fund that invests in companies that have recently gone public or are planning to do so outside of the United States. The fund is designed to provide exposure to companies in foreign markets that are in the early stages of their growth cycle.

FPXI tracks the IPOX International Index, which is composed of the top 50 companies in the IPOX Global Composite Index that are listed outside the US. The IPOX Global Composite Index tracks the performance of companies that have recently gone public, and is designed to measure the performance of the global IPO market.

The FPXI ETF offers investors exposure to companies in a variety of industries and regions, including Asia-Pacific, Europe, and emerging markets. The fund's top holdings include Alibaba Group Holding Ltd, China Literature Ltd, and TAL Education Group.

Investors interested in FPXI should be aware that investing in newly public companies can be volatile, and that the fund's returns may not necessarily track the broader market.