Launched in 2013, it is the only ETF focusing exclusively on the US IPO market. The Renaissance IPO ETF (ticker: IPO) is a transparent rules-based ETF that tracks as closely as possible, before fees and expenses, the price and yield performance of the Renaissance IPO Index .
What is the Renaissance international IPO index?
The Renaissance International IPO Index® (IPOXUS) is a stock market index based upon a portfolio of newly public companies listed on non-U.S. exchanges. The S&P 500® Index (SPX) is a stock market index based on the market capitalizations of 500 large companies whose common stock is publicly traded on the NYSE.
What is Renaissance IPO fund?
The Fund seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Renaissance IPO Index. It captures 80% of the total market cap of new IPOs that meets the criteria and are rebalanced quarterly as new IPOs are included and older constituents are removed after three years.
