The IPOX Week Dec 1 2014

The IPOX® Week
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 Think GROWTH – Think IPOX®
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IPOX U.S. 100 (IPXO) extends weekly Winning Streak.
Other key IPOX Global Strategies record strong Gains.
IPO markets quiet, Medibank rises in Trading Debut.
IPOX U.S. 100 (IPXO) extends weekly Winning Streak: Amid
the turmoil in energy markets causing renewed gyrations in U.S.
index spreads towards the week-end, the USDtrillion 1.11 IPOX
U.S. 100 (IPXO) rose for the seventh week in a row, adding
+1.41% to +11.53% YTD, outperforming the broadly diversified
benchmarks anew. Returns in the cross-section of the AAPLfree index - the basis for the USDm 540, 5-star, 8-year old First
Trust U.S. IPO Fund (ETF ticker: FPX) - were highly uneven with
technology and consumer-linked exposure more than mitigating
Historical Sector Diversification: The IPOX U.S. 100 (IPXO)
[Week: 12/01/2014]
IPOX Strategies Returns (%)
Week
2013
IPOX Global 50 (IPGL50)
0.86
26.54
IPOX Global 30 (IPGL30)
1.40
33.65
*IPOX International (ETF: FPXI)
0.79
22.67
IPOX U.S. Composite (IPXC)
0.45
41.66
*IPOX U.S. 100 (ETF: FPX)
1.41
46.99
IPOX U.S. 30 (IPXT)
1.22
44.01
IPOX Europe 30 (IXTE)
2.17
22.68
IPOX Nordic 20 (IPND)
-1.70
16.02
IPOX Asia-Pacific 30 (IPTA)
-0.18
19.85
IPOX China 20 (CNI)
5.57
14.77
*Basis for U.S.-traded Exchange-traded Funds (ETF)
YTD 14
4.50
7.95
0.31
12.31
11.53
15.07
7.64
4.98
-1.63
4.06
strategies benefited from substantial exposure to Chinese
Financials, for example. Notable is also the surge in the
German-domiciled, Berlin-based list of recent technology
IPOs after reporting a strong set of first business updates as
stock market-traded firms with online fashion retailer EURbn
6.14 Zalando SE (ZAL GR: +32.73%) and EURbn 8.65
internet firm incubator Rocket Internet (RKET GR: +23.62%)
exploding to the upside.
© IPOX® Schuster LLC.
the big slump in energy and resources-related stocks. Portfolio
holdings recording notable gains included USDbn 9.48
infrastructure software security maker Palo Alto Networks
(PANW US: +12.92%), USDbn 6.02 Spirit Airlines (SAVE US:
+10.59%) and Spin-off USDbn 12.80 fast-food chain Burger
King Worldwide (BKW US: +7.83%). Select energy-related
small-caps crashed, including USDbn 1.86 Oasis Petroleum
(OAS US: -33.14%), industrial minerals producer US Silica
(SLCA US: -30.10%) or energy explorer WPX Energy (WPX US:
-19.23%). 69/100 portfolio holdings rose on the week with the
average (median) equally-weighted firm gaining just +0.32
(1.43%), significantly less than when compared to the applied
market-cap weighted IPOX U.S. 100 (IPXO).
Other key IPOX Global Strategies record strong Gains:
Most relative upside amongst the remainder of the IPOX Global
Strategies was recorded by the IPOX Global (IPGL50, IPGL30)
and IPOX International (IPXI), the basis for the First Trust
International IPO Fund (FPXI). Amid the surge in domestic and
Hong Kong-traded stocks after Chinese central bank action, the
Select IPOs last week:
Identifier
China Maple Leaf Educational
CS Wind Corp.
eCargo Holdings Ltd.
EGL Holdings Ltd.
Medibank Pvt Ltd.
Muangthai Leasing Pcl
Orion Health Group
The Thule Group AB
1317 HK
112610 KS
ECG AU
6882 HK
MPL AU
MTLS TB
OHE NZ
THULE SS
Return (%)
0.35
-28.62
-11.25
-2.16
8.50
112.73
6.32
13.63
IPO markets quiet, Medibank rises in Trading Debut:
Amid the shortened U.S. trading week, eight notable deals –
all originating outside the United States – commenced
trading with the average (median) equally-weighted deal
gaining +12.44% (+3.34%) based on the difference between
the final offering price and the week’s close. Most focus was
on the debut of AUDbn 6.00 health care provider Medibank
Private Ltd (MPL AU: +8.50%), Australia’s biggest IPO since
telecom carrier Telstra (TLS AU: +0.71%).
IPOs (upcoming week):
Q Technology Group Co. Ltd.
Histogenics Corp.
Sekisui House REIT Inc.
Evolve Education Group Ltd.
Feiyu Technology International
Identifier
IPO Date
1478 HK
HSGX US
3309 JP
EVO NZ
1022 HK
12/02
12/03
12/03
12/05
12/05
The IPO of Japan-traded SMBC Nikko-led Sekisui House
(3309 JP) add to the list of recent IPOs in the REIT space.
(c) 2014 IPOX Schuster LLC. IPOX® is a trademark of IPOX Schuster LLC. Index of Initial Public Offerings (IPOX) and IPOX Derivatives Patent No. US 7,698,197. Use subject to license. Contact: 1-312-339-4114 or [email protected]

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