Renaissance IPO ETF (IPO) - NYSEARCA
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IPO Description
The Renaissance IPO ETF (the “Fund”), a series of Renaissance Capital Greenwich Fund (the “Trust”), seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Renaissance IPO Index (the “Index”). The Index, designed by IPO research firm Renaissance Capital International, LLC (the “Index Provider”), is a portfolio of newly U.S.-listed initial public offerings of companies (“IPOs”) whose unseasoned equities are under -represented in core U.S. equity indices. IPOs that meet liquidity and operational screens are included in the Index at the end of the fifth day of trading, or upon quarterly reviews, weighted by tradable float, capped at 10% and removed after two years. The Index has been constructed using a transparent and rules-based methodology.
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Country: United States
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