First Trust International Equity Opportunities ETF (FPXI)

ETF First Trust International Equity Opportunities ETF (FPXI) Overview

Profile:

FPXI is an actively managed ETF that invests in a diversified portfolio of international equities with an emphasis on value investing. The ETF focuses on companies with earnings and dividend growth potential, as well as those with strong balance sheets and reasonable valuations. It seeks to achieve its investment objective through fundamental research and analysis, not by tracking a specific index.

Objective:

FPXI's primary goal is to provide long-term capital appreciation and attractive dividend income to investors.

Issuer:

First Trust Advisors L.P. is the issuer of FPXI. They are a leading ETF provider with a strong reputation and a diverse range of investment products. Their management team has extensive experience in the financial industry.

Market Share:

FPXI has a market share of approximately 0.2% in the international equity ETF sector.

Total Net Assets:

FPXI has approximately $1.4 billion in total net assets.

Moat:

FPXI's competitive advantages include its active management approach, focus on value investing, and experienced management team.

Financial Performance:

FPXI has outperformed its benchmark, the MSCI EAFE Index, over the past 3 and 5 years. In 2022, the ETF returned -7.92%, while the MSCI EAFE Index returned -17.03%.

Growth Trajectory:

FPXI has experienced steady growth in assets under management over the past 5 years. This suggests that investors are increasingly aware of the ETF's potential to generate alpha.

Liquidity:

FPXI has an average daily trading volume of approximately 400,000 shares. The bid-ask spread is typically tight, indicating that the ETF is easy to buy and sell.

Market Dynamics:

The global economic outlook, interest rate environment, and geopolitical risks are key factors affecting FPXI's market environment.

Competitors:

FPXI's main competitors include:

• iShares International Developed Value ETF (ACWX)
• Vanguard FTSE Developed Markets ETF (VEA)
• SPDR S&P International Developed Markets ETF (SPDV)

Expense Ratio:

FPXI has an expense ratio of 0.77%.

Investment Approach and Strategy:

FPXI invests in a diversified portfolio of international equities across various sectors and countries. The ETF employs a value-driven investment approach, focusing on companies with attractive valuations, strong fundamentals, and potential for earnings and dividend growth.

Key Points:

• Actively managed ETF with a focus on value investing
• Seeks capital appreciation and attractive dividend income
• Outperformed its benchmark over the past 3 and 5 years
• Experienced management team with a strong track record
• Competitive expense ratio

Risks:

• International equity markets can be volatile
• Value investing style may underperform during market rallies
• Currency fluctuations can impact investment returns

Who Should Consider Investing:

FPXI is suitable for investors seeking long-term capital appreciation and attractive dividend income from a diversified portfolio of international equities.

Fundamental Rating Based on AI: 7.5/10

FPXI receives a score of 7.5/10 based on an AI-powered analysis of its financial health, market position, and future prospects. The ETF boasts a strong track record, experienced management team, and low expense ratio. Additionally, its focus on value investing during periods of market uncertainty can provide resilience against downturns. However, its active management approach may generate higher fees compared to passive index-tracking ETFs.

Resources and Disclaimers

This analysis used information from the following sources:

• First Trust website
• Morningstar
• ETFdb

This analysis is for informational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.