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The IPOX Indexes were the main beneficiary of today's surge in U.S. payment processors, including Visa (V), after the Federal Reserves decision on debit card fees.

The First Trust U.S. IPO Fund (FPX) and underlying IPOX U.S. 100 Index (IPXO) surged +1.83% to +9.10% year-to-date, remaining the best performing well diversified broad index fund capturing U.S. domiciled companies. The current constituents provide systematic exposure to a range of leading U.S. domiciled IPOs and spin-offs including Visa (V), Lorrilard (LO), Philip Morris International (PM), Molycorp (MCP), HCA Inc. (HCA) or Kinder Morgan (KMI).

Calculated by Standard & Poor’s ("S&P") since 2004, the IPOX Indexes provide scalable and sustainable asset allocation focused exposure measuring the "going public" effect in the largest and most liquid global IPOs and spin-offs over a four-year rotational cycle.

Source: IPOX Indexes Benefit From Surge in U.S. Payment Processors