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Josef Schuster  

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  • Last Week in Global IPOs: U.S. Sentiment Weakens [View article]
    Thanks !!!
    May 10, 2011. 01:31 PM | Likes Like |Link to Comment
  • The Week in Global IPOs: Busy During Expiration [View article]
    The A-shares have already been trading in the Chinese domestic market (002336 CH), trading pretty much flat based on their IPO price. Consumer Stocks do have a tougher time to make it to market in HK these days, so I expect the listing earliest Q2 2011 in Hong Kong.
    Dec 16, 2010. 09:44 AM | Likes Like |Link to Comment
  • Just One Stock: Profits From Asian Consumers, Via China Gambling IPOs [View article]
    Thank you for the comments. My key top long fund holdings had a tremendous week with casino operator Wynn Macau (+11.19%), cosmetics group L'Occitaine (+9.59%) and car retailer Zhongsheng Group (+12.00%) all amongst the top performers in the Hong Kong Market since publication. Casino Operator Sands China (-1.90%), not a fund holding, was under downside pressure, however, on law suits and a downgrade, helping to propel the IPOX-run Direxion Long/Short Global IPO Fund ( to rise strongly at a negative correlation to the benchmarks.
    Oct 22, 2010. 10:41 AM | 1 Like Like |Link to Comment
  • This Week in Global IPOs: New Issues Cycle in Full Swing [View article]

    The IPOX Indexes are asset allocation focused, semi-passive vehicles to the "going public" effect in global IPOs and spin-offs issued over a 1000- trading day rotational cylce.

    Started live in 2004 and calculated by Standard & Poor's, the IPOX-30 U.S., for example, has outperformed the S&P 500 by 8500 bps since 2004.

    Typically captures hedge-fund heavy large IPOs and spin-offs as a group (e.g. PM, V, MA, COV, MJN, H, DG, etc. for the US).

    Josef Schuster
    Oct 1, 2010. 01:09 PM | Likes Like |Link to Comment
  • New ETF Tracking IPOs Launching Today (FPX) [View article]
    IPOX (FPX) is about gaining exposure into the largest IPOs during the past four years: IPOs/spin-offs enter the index by size (if they are large enough at inception of trading) or by momentum (through quarterly re-balancing). This tilts the index towards large-cap stocks and is investable solution to the dispersion of long-run IPO returns whereby many IPOs underperform but exposure into few overperforming ones can have substantial asset allocation benefits.
    Apr 29, 2008. 03:12 PM | Likes Like |Link to Comment