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First Trust US IPO ETF Message Board

  • citiccgirl citiccgirl Oct 21, 2013 1:10 PM Flag

    IPO is a new ETF just like FPX....ony began trading 3 days ago... :))

    This is background info... IPO is already trading now for 4 days :)

    Tuesday, Oct 15
    3:34 PM
    New IPO ETF opens for trade tomorrow

    Launching tomorrow is Renaissance Capital's IPO ETF (IPO) which - as the name suggests - offers investors exposure to a broad range of IPOs. The fund will track Renaissance's own IPO index and have an expense ratio of 0.6%.

    A competing ETF is the First Trust U.S. IPO Fund (FPX) which has been around for seven years, has $81M in AUM, and has tripled the return of the S&P 500 during that span. FPX's expense ratio is also 0.6%.

    Sentiment: Strong Buy

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