Misnomers Still Surround IPO ETFs
June 09, 2014 at 11:27 AM EDT
The First Trust US IPO Index Fund (NYSEArca: FPX) and the Renaissance IPO ETF (NYSEArca: IPO), the two largest ETFs dedicated to holding initial public offerings, remain misunderstood. Previous and still existing misconceptions about FPX, the older of the two ETFs, and IPO, include the rapidity...