• IPOX Indexes rise anew, led by the U.S. and Europe.
• IPOX U.S. extends record run, broad rally in small/mid-caps on earnings.

Significant global deal flow lined up, U.S. in focus.

IPOX Returns, Notable Company Moves:

IPOX Indexes extend gains, IPOX U.S. at new record: The key IPOX Indexes continued to rally with particular focus on the IPOX U.S. and IPOX Europe universe, while select Emerging Markets exposure slumped.

On the global level, the IPOX Global 50 (IPGL50) - capturing USDbn 963 of global stock market cap of 50 large IPOs and Spin-offs over a four-year rotational cycle - rose +0.94% to +5.73% YTD, in line with benchmark MSCI World (MXWD). The narrower IPOX Global 30 (IPGL30) beat the broader IPGL50 by an unusually large margin (+81 bps.) on continued weakness amongst recent IPOs in Malaysia, last year's "hottest" global IPO market. IPGL50 counted USDbn 8.7 IHH

· Amid slowing momentum and plunge in risk, the IPOX Indexes rise.

· IPOX China (CNI, IPXUCHCP) extends big YTD gains.

· Strong reception to key H.K. and U.S. IPOs.

Significant deal flow lining up.

IPOX Returns, Notable Company Moves:

IPOX Indexes extend gains, relative momentum slows: The IPOX Indexes remained buoyant during option expiration week but relative momentum slowed notably. With the VIX CBOE SPX Volatility Index (VIX) plunging another -6.74%, the IPOX Global 50 (IPGL50) - capturing USDbn 954 of global stock market cap of 50 large IPOs and Spin-offs - rose just +0.28% to +4.76% YTD, lagging benchmark MSCI World (MXWD) by -20 bps, its first negative relative return YTD. The lackluster showing was due to slowing momentum in the IPOX Regional Indexes with a focus on the IPOX U.S. (ETF: FPX) and IPOX Asia-Pacific (IPTA). In

· IPOX Indexes extend gains as global risk declines.

· IPOX U.S. and IPOX Asia-Pacific at all-time highs.

· Sea change in H.K. initial pricing sentiment.

Busy week ahead for U.S. IPOs.

IPOX Returns, Notable Company Moves:

· IPOX Indexes Comparative Price Returns:

Ticker (BBG/Reuters)	Week	2012	YTD 13
IPOX Global 50 (IPGL50) (USD)	1.44	24.17	4.46
IPOX Global 30 (IPGL30)	1.89	19.57	5.16
MSCI World (MXWD)	0.69	13.44	3.04
IPOX U.S. 100 (IPXO)	1.34	29.17	4.48
IPOX U.S. 30 (IPXT)	1.27	28.86	4.45
S&P 500 (SPX)	0.38	13.41	3.22
IPOX Europe 50 (IPXUJPEU) (EUR)	-0.21	6.09	2.76
IPOX Europe 30 (IXTE) (EUR)	0.12	0.03	2.79
STOXX 50 (SX5P) (EUR)	-0.21	8.78	2.71
IPOX Asia-Pacific 30 (IPTA)	0.73	28.77	3.40
MSCI Asia-Pacific (MXPC)	0.23	10.97	2.05
IPOX China 20 (CNI)	1.39	19.53	5.40
IPOX China Cp. (IPXUCHCP)	1.13	18.93	5.46
Hang Seng Enprs. (HSCEI)	-0.80	15.09

]]> Thu, 17 Jan 2013 14:10:29 -0500 Josef Schuster By Josef Schuster:

IPOX Indexes Weekly Summary

· IPOX Indexes extend gains as global risk declines.

· IPOX U.S. and IPOX Asia-Pacific at all-time highs.

· Sea change in H.K. initial pricing sentiment.

Busy week ahead for U.S. IPOs.

IPOX Returns, Notable Company Moves:

· IPOX Indexes Comparative Price Returns:

Ticker (BBG/Reuters)	Week	2012	YTD 13
IPOX Global 50 (IPGL50) (USD)	1.44	24.17	4.46
IPOX Global 30 (IPGL30)	1.89	19.57	5.16
MSCI World (MXWD)	0.69	13.44	3.04
IPOX U.S. 100 (IPXO)	1.34	29.17	4.48
IPOX U.S. 30 (IPXT)	1.27	28.86	4.45
S&P 500 (SPX)	0.38	13.41	3.22
IPOX Europe 50 (IPXUJPEU) (EUR)	-0.21	6.09	2.76
IPOX Europe 30 (IXTE) (EUR)	0.12	0.03	2.79
STOXX 50 (SX5P) (EUR)	-0.21	8.78	2.71
IPOX Asia-Pacific 30 (IPTA)	0.73	28.77	3.40
MSCI Asia-Pacific (MXPC)	0.23	10.97	2.05
IPOX China 20 (CNI)	1.39	19.53	5.40
IPOX China Cp. (IPXUCHCP)	1.13	18.93	5.46
Hang Seng Enprs. (HSCEI)	-0.80	15.09

Complete Story »]]> NSM FIO QEP PSX NCLH CONE SXCP CVRR USAC RCL Josef Schuster http://seekingalpha.com/article/1105631-last-week-in-global-ipos-key-ipox-strategies-extend-record-run?source=feed 1105631 IPOX Weekly Summary

• IPOX Strategies build on positive momentum.
• Trading volume in IPOX-linked ETF (FPX) surges.
• Slew of Indonesian IPOs set to commence trading.
• IPOX U.S. and IPOX Asia-Pacific at all-time highs.

IPOX Returns, Notable Company Moves:

· Key IPOX Strategies kick-off the 2013 with market-beating returns: A positive outcome to U.S. fiscal talks, good Chinese economic numbers and asset allocation flows into global equities benefited the IPOX Strategies, with the IPOX Global (IPGL50) gaining a further +2.98% during the first week of 2013, +65 bps. more than benchmark MSCI World (MXWD). For another week, gains were driven by strength in the IPOX U.S. (IPXO) and IPOX Asia-Pacific (IPTA) Portfolios, which closed the week at fresh all-time highs (Chart 1). Individual equity positions in focus were USDbn 6.7 Singapore-traded shopping mall operator and 11/09 IPO CapitaMalls Asia (CMA SP: +8.76%) after positive analyst comments or the

· AAPL-free IPOX Strategies mixed for a second week.

· IPOX China (CNI) remains buoyed for a fourth week.

· U.S. Futures and Option expiration ahead.

Flood of IPO activity in Japanese small-caps.

IPOX Returns, Notable Company Moves

· AAPL-free IPOX Strategies consolidate for a second week, IPOX China surges for a fourth week: Amid continued jitters on the U.S. fiscal cliff, NASDAQ-100 (NDX) weakness (F1), FED stimulus hope and Europe/Asian relative strength (F2), the IPOX Strategies traded mixed. For example, the IPOX Global 50 (IPGL50) closed out the week at a fresh YTD high, rising +0.52% to +22.13% YTD, 3 bps. less than benchmark MSCI World (MXWD). Gains were capped by another week of declines in the IPOX U.S. heavyweights including U.S. social networker USDbn 55.09 Facebook (FB) after another lock-up expiration and inclusion into the Nasdaq-100 (NDX), U.S. car manufacturer and

· IPOX U.S., IPOX China lead IPOX Global to Fresh 2012 Highs: Amid continued jitters surrounding the U.S. fiscal cliff, the IPOX Strategies surpassed the benchmarks on momentum, strong earnings and corporate actions. The IPOX Global 50 (IPGL50) closed out the week at a new 2012 high, rising +2.12% to +21.50% YTD, extending the YTD lead vs. benchmark MSCI World (MXWD) to +1044 bps. Gains in the IPOX heavyweights including U.S. social networker USD 60.7bn Facebook (FB), refiner USD 32.8bn Phillips 66 (PSX), U.S. car manufacturer and S&P 500 inclusion candidate General Motors (GM) or Singapore-traded USD 11.14bn Global Logistic Properties (GLP) continued to fuel the positive momentum. IPOX heavyweight U.S. discount retailer P/E-backed Dollar General (DG) rose to close at USD 50.00 on massive volume on its inclusion into the S&P 500 (SPX). The stock went public

· Key IPOX Strategies record big rise: IPOX Global closes at highest level Year-To-Date.

· IPOX U.S. leads, finishes just shy of All-Time High.

Amid improved sentiment, H.K./London IPOs in focus.

IPOX Returns, Notable Company Moves:

· IPOX U.S. leads IPOX Global to Fresh 2012 Highs: Global stocks bounced strongly after U.S. option expiration as key Asian markets continued to rally, the dollar receded vs. the Euro with Washington shut for Thanksgiving week. Key IPOX Strategies were the main beneficiaries: The IPOX Global 50 (IPGL50) closed out the week at a new 2012 high, rising +3.13% to +18.98% YTD. Big gains in the IPOX heavyweights including miner Glencore International (GLCNF.PK) after winning EU Approval for its USD 33bn Xstrata takeover, U.S. car manufacturer and S&P 500 inclusion candidate General Motors (GM) or a new post-IPO high in Hong Kong traded Macau casino behemoth Sands Chinas

· The IPOX Strategies finish mixed, IPOX China and IPOX U.S. extend relative gains, YTD gains in U.S. benchmarks melt away.

· IPOX heavyweight social networker Facebook (FB) reverses course, closes below pre-earnings level.

Global small-caps lined up for trading debut.

IPOX Returns, IPOs Priced and Upcoming:

· IPOX Strategies trade mixed, IPOX China and IPOX U.S. extend relative gains. Renewed profit taking in all global markets on U.S. Fiscal cliff fears after the U.S. elections pressured the IPOX Strategies across the board last week. Continued relative weakness of the NASADQ-100 (NDX) weighted. On the global level, the IPOX Global 50 (IPGL50) fell -2.57% to +15.60% YTD, underperforming benchmark MSCI World (MXWD) by -41 bps. Relative weakness was driven by profit taking in some of the top holdings, including Asia-Pacific Insurance Group AIA Group (AIA), the HK-traded Macau casino operators Wynn Macau (WYNMF.PK) and Sands China

-- The IPOX Strategies rise, outperform anew. IPOX China surges as mainland markets recover.

-- Gains linked to strong U.S. earnings and Asia-Pacific momentum.

• U.S. and European deals debut strongly.

IPOX Returns, IPOs Priced and Upcoming:

For a second week, all IPOX Strategies record gains:A string of good earnings and powerful Asia-Pacific continued to propel the IPOX Strategies beyond the benchmarks: On the global level, the IPOX Global 50 (IPGL50) rose for a second week to the highest since May, gaining +1.27% to +18.65% YTD, extending the relative YTD gain vs. the MSCI World (MXWD) by +72 bps. to +834 bps. Performance continued to be driven by a good week in the IPOX heavyweights including Hong Kong's AIA Group (1299 HK: +2.91%) and the Macau-based casino complex including Sands China (1928 HK: +6.33%) or Wynn Macau (+4.68%). While 5/12 IPO U.S. social networker Facebook (FB) tumbled, U.S.

IPOX Strategies record massive relative gains. Best relative performance YTD 2012.

Gains linked to stock selection and APAC momentum.

Jump in volatility not set to disrupt strong week in global ECM deal flow.

IPOX Returns, IPOs Priced and Upcoming:

All IPOX Strategies record massive relative gains:Strong earnings and Asia-Pacific momentum propelled the IPOX Strategies to their best relative week YTD 2012: On the global level, the IPOX Global 50 (IPGL50) rose +0.11% to +17.16% YTD, extending the relative YTD gain vs. the MSCI World (MXWD) by +176 bps. to +745 bps. Performance was driven by the Asia-Pacific IPOX heavyweights including insurer AIA Group (1299 HK: +3.34%) or the Macau-based casino complex including Sands China (1928 HK: 4.17%). Stock selection helped, including a big week for 5/12 IPO U.S. social networker Facebook (FB: +15.67%), added by IPOX just in September. In the cross-section of the 2250 member strong IPOX

The IPOX Strategies rose on the week but traded mixed vs. the benchmarks on profit taking in some of the key names after the big-run up and continued relative weakness in U.S. small-caps. With U.S. IPO deal flow set to continue to dominate, U.S. IPO debuts are decidedly mixed.

HIGHLIGHTS:

Key IPOX Strategies mixed on the week, IPOX U.S. fails to continue record run: Amid weakness in key constituents, the IPOX Global 50 (IPGL50) gained +0.89% to +17.16% YTD, lagging benchmark MSCI World (MXWD) by -73 bps. In the cross-section of the IPOX Strategies universe, only the IPOX Asia-Pacific Strategy (IPTA) continued its record run, gaining +0.29% to +22.08% YTD, extending the YTD lead vs. the MSCI Asia -Pacific (MXPC) to a massive +1716 bps YTD. With action in the Macau-domiciled Casino complex including Sands China (1928 HK: -3.63%) and Wynn Macau (1128 HK: -0.48%) decidedly bearish, IPOX

The Apple-free IPOX Strategies remained the main beneficiaries of increased global risk appetite during Options and Futures Expiration Week, with the IPOX U.S. extending the gains to close at yet another all-time high. While U.S. IPOs sprang back to life, Japan Airlines (9201 JP) disappointed.

HIGHLIGHTS

IPOX Global Indexes

IPOX rally continues, IPOX U.S. Strategies settle at yet another all-time high:

1. Amid a continuously low volatile trading environment after the massive central bank action during the previous week, the IPOX Global 50 (IPGL50) -- proxy for the performance of the largest and most significant global IPOs and spin-offs over a four-year rotational cycle -- rose +0.03% to +18.32% YTD, +74 bps. ahead of benchmark MSCI World (MXWD).

IPOX Regional Indexes Action

1. In the cross-section of the IPOX universe, the IPOX U.S. (IPXO, IPXT), continued its strong run, with the IPOX U.S. 100 (FPX) and narrower IPOX U.S. 30 (IPXT)

The IPOX Strategies focused on Developed Markets (IPOX U.S. IPOX Europe, IPOX Asia-Pacific) extended gains for another week. Behemoth Apple (AAPL) cracks two recent U.S. IPOs. Recent key Malaysian IPOs decline. Japan Airlines (9201 JP) prices IPO at the top of the indicative range.

HIGHLIGHTS:

IPOX Strategies focusing on developed markets rally big, continue to record relative gains as some beaten down IPOX heavyweights gain momentum, IPOX Emerging Markets flat:Amid relative weakness in over weighted China-linked exposure, the IPOX Global 50 (IPGL50), rose just +1.67% to +14.86% YTD, lagging benchmark MSCI World (MXWD) by +86 bps to +458 bps. YTD. However, across the IPOX universe, IPOX U.S. (IPXO, IPXT), IPOX Europe (IXTE, IPXUJPEU) and IPOX Asia-Pacific (IPTA) recorded big relative and absolute gains. For example, within the IPOX U.S. universe (IPXO, IPXT), the IPOX U.S. 100 (ETF: FPX) continued to trade as one of the best performing U.S.

Stocks consolidated after option expiration following six weekly gains, with the conventional large- and mega-cap exposure outperforming anew. The IPOX Strategies held firm, with only the IPOX U.S. underperforming. No significant IPOs priced, traded and scheduled for the week. Getty Images is off the block.

Highlights

IPOX Global Indexes

Key IPOX Strategies continue to record relative gains, only the IPOX U.S. was hit by relative weakness in U.S. small-caps:

1. The IPOX Global 50 (IPGL50), the key gauge for the performance of the largest and most successful global IPOs and spin-offs over a four-year rotational cycle, fell just -0.05% to +13.58% YTD on the week, outperforming the benchmark MSCI World (URTH) by +32 bps to +528 bps. YTD.
2. The IPOX Global 50 (IPGL50) benefited from a great relative week in the IPOX China linked-strategies (CNI, IPXUCHCP), with key consumer/real estate-linked companies including USD 17bn Want Want China (151 HK: +7.88%)

World-ex China rose during option expiration on a continued decline in global risk and solid U.S. economic and corporate data. The IPOX Indexes were the main beneficiary, strongly outperforming benchmarks across most of the IPOX universe. No significant IPOs priced, traded and scheduled for this week.

HIGHLIGHTS

Key IPOX Indexes record big relative gains across most of the IPOX universe: The IPOX Global 50 (IPGL50), key gauge for the performance of the largest and most successful global IPOs and spin-offs over a four-year rotational cycle, extended the gains from last week, rising +2.05% to +13.09% YTD, outperforming benchmark MSCI World (MXWD) by +134 bps to +444 bps. YTD. By avoiding early inclusion, the IPOX Global 50 (IPGL50) once again dodged the Facebook (FB: -12.65%) bullet, but benefited from big relative moves of some of the other recent key IPOs and spin-offs, including luxury goods maker Michael Kors (KORS:

Equities rose anew underpinned by a powerful mix of solid U.S. corporate earnings and the lack of negative news flow from European debt, while weak Chinese economic data underpinned the hope for further Asian stimulus. Big shake-out in recent IPOs continued. Mixed debut for the key global IPOs.

HIGHLIGHTS

Key IPOX Indexes rise, select mid-caps extremely volatile after earnings: The IPOX Global 50 (IPGL50), key gauge for the performance of the largest and most successful global IPOs and spin-offs over a four-year rotational cycle, rose +1.28% to +11.04% YTD, underperforming benchmark MSCI World (MXWD) by -27 bps. Big moves in select components in the IPOX Global Composite (IPGLC) universe remained the theme of the week: Amongst the highlights were the plunge in Japanese game maker and Dec. 2011 IPO USD 6.8bn Nexon (3659 JP: -22.42%) which fell Zynga-like (ZNGA: +8.46%) by its daily limit on weak corporate results

Stocks rose sharply during FED week as solid U.S. earnings and economic data outweighed uncertainty over the course of European debt. The key IPOX Indexes outperformed the benchmarks, indicating increased risk appetite. Broad range of global IPOs lined up - Japanese gamer in Hong Kong!

HIGHLIGHTS

· Key IPOX Indexes outpace benchmarks, select mid-caps plunge after earnings: The IPOX Global 50 (IPGL50), key gauge for the performance of the largest and most successful global IPOs and spin-offs over the past four years, rose +1.71% to +9.65% YTD on the week, outpacing benchmark MSCI World (MXWD) by +89 bps. After three weeks of lackluster performance, the rebound indicates a clear return of risk appetite. The relative strength extended across the key IPOX Regional universe: In the United States (IPXO, IPXT), e.g., the IPOX U.S. 30 (IPXT) rose +1.10% to +15.03%% YTD, beating the S&P 500 (SPX) by +61bps. A

Stocks closed higher for a third week as investors continued to gravitate towards vetted large-cap U.S. benchmark exposure while select stocks plunged. While dodging the Facebook (FB) bullet, the key IPOX Indexes underperformed for a second week in a row. Strong debuts of last week's key IPOs. After Facebook, Zynga (ZNGA), Groupon (GRPN) etc., low float IPOs are out.

HIGHLIGHTS:

· IPOX Indexes mixed, trail benchmarks for a third week, select stocks plunge: Key benchmarks with blue-chip exposure such as the S&P 500 (SPX: +1.71% to +10.21% YTD) continued to lead markets to a third week of gains as expectations for concerted stimulus caused big short covering. With individual stocks plunging on earnings, the IPOX Indexes traded mixed again. Relative weakness was spread amongst the IPOX Regional universe: In the United States (IPXO, IPXT), the IPOX U.S. 30 (IPXT) rose just +0.78% to +13.78%% YTD, as

Blue-chip indexes rose during options expiration as good U.S. earnings mitigated weak U.S. small caps, a jittery Europe, and a strong dollar. With IPOX trading pressured for a second week, U.S. IPOs debuted strongly while IPOs on the Chinese mainland slumped. More U.S. and EM IPOs linked up.

Highlights

Key IPOX Indexes mixed, trail benchmarks for a second week :

The key developed and emerging markets' blue-chip indexes rose on the week, driven by options expiration related asset allocation buying after weak economic data motivated speculation about QE3 and generally solid earnings. In the cross-section, stock indexes recorded big relative moves. While the S&P 500 rose (+0.43%), small-cap U.S. benchmark the Russell 2000 slumped (-1.18%). Abroad, while big foreign buying propelled the China-linked benchmarks HSCEI (+3.61%), the IPOX China 20 (CNI: -2.64%) slumped after huge moves in select members.

On the global level, the IPOX Global 50 (IPGL50)

Global equities rallied towards quarter end on a big shift in risk appetite following solid Asian-markets and European political action. Much Ado about nothing: Global IPO sprang back to live with the solid debut of deals across global regions. Focus on Hong Kong IPOs during the upcoming week.

Highlights

Key IPOX Indexes rise and trade mixed during Q2:

The IPOX Global 50 (IPGL50), key gauge for the 'going public' effect of the most significant global IPO's and spin-offs over the past four years, rose +0.83% to +8.23% YTD, lagging global benchmarks during the week and quarter, but remaining +402 bps ahead of benchmark MSCI World (MXWD) YTD. While IPGL50 is heavy in Hong Kong stocks yet to appreciate on Friday's huge rally, the key IPOX Long-only strategy returns varied sharply across the global regions yet again: Performance across the IPOX U.S. universe remained solid with the narrow