Facebook stock gained +5.51% to USD 75.22 in after-hours trading, a new post- IPO high.
An investment product set to benefit from Facebook’s surge is the USDm 487 First Trust U.S. IPO Fund (ticker: FPX), a five-star (3/5 years) fund. Linked to the IPOX U.S. 100 (IPXO) and launched in April 2006, the fund invests in the largest 100 U.S. domiciled IPOs and Spin-Offs using the IPOX Index technology, providing an asset allocation focused approach to the “going public” effect in respective companies.
Included on 9/21/2012 into FPX, Facebook’s +311.85% rise during the first 459 trading days in the ETF now closely matches the post-IPO performance of Google (GOOGL US), which had gained +343.43% during the same post-IPO time period.
FPX IS AN ETF WITHIN OUR PRIVATE EQUITY MODEL.
