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
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%.
Barron's list the holding period of FPX's IPOs @ 4 yrs. Renaissance's IPO ETF only holds for 2 yrs. I like 4 yrs. better. Also, the experience factor bodes better for FPX. Might put some $ on the table for FPX, though slowly.