Inside IPO ETFs: Cutting Through Implicit Sector Risk
October 07, 2016 at 10:31 AM EDT
With the initial public offerings (IPO) market heating up, now could be an ideal time for investors to revisit exchange traded funds such as the First Trust US IPO Index Fund (NYSEArca: FPX) and the Renaissance IPO ETF (NYSEArca: IPO). Stocks stay in IPO for a maximum of two years. FPX holds...