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    • ON: Tue Apr 29th 15:12 PM
      Commented on:
      New ETF Tracking IPOs Launching Today (FPX)
      IPOX (FPX) is about gaining exposure into the largest IPOs during the past four years: IPOs/spin-offs enter the index by size (if they are large enough at inception of trading) or by momentum (through quarterly re-balancing). This tilts the index towards large-cap stocks and is investable solution to the dispersion of long-run IPO returns whereby many IPOs underperform but exposure into few overperforming ones can have substantial asset allocation benefits.
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