IPO ETF Searches for More Upside

The First Trust US IPO Index Fund (NYSEArca: FPX) is up 6.2% year-to-date, extending an impressive 2013 run that saw the ETF rank as one of that year’s top market-based ETFs. Although FPX is a $523 million fund that will celebrate its eighth anniversary in a month, it was not until last year that...