NEW YORK ( TheStreet) -- Earlier this year I wrote about how well the First Trust US IPO Index Fund (FPX) was doing. Indeed, it is up 33% so far in 2013. After having the domestic IPO ETF market to itself for more than seven years FPX will now have competition from the new Renaissance IPO ETF (IPO), the company with an iconic ticker.Renaissance Capital has long been a leader in IPO research, maintains several indexes of IPOs and also runs the IPO Plus Aftermarket Fund (IPOSX) which is an actively managed product versus IPO which will be an indexed product.
ETF Looks to Capitalize on Hot IPO Markets
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