First Trust IPOX Europe Equity Opportunities ETF (FPXE) Just Turned 3

FPXE is based on the IPOX® 100 Europe Index, a market cap weighted index that measures the performance of recent European initial public offerings (IPOs) from the IPOX® Global Composite Index. The IPOX® Global Composite Index is designed to provide a broad and objective view of global aftermarket performance of recent IPOs and spin-offs in both emerging and developed countries during their first 1000 trading days.
Since its inception, FPXE has nearly doubled the cumulative return of the MSCI Europe Index.