How It Works. The Renaissance IPO ETF enables investors to own a basket of the largest most liquid U.S.-listed newly public companies in one security, reducing the risk of single stock ownership. The Renaissance IPO ETF accomplishes this by replicating the performance of the Renaissance IPO Index.
What is Renaissance IPO ETF?
The Renaissance IPO ETF is a transparent rules-based ETF that tracks the Renaissance IPO Index designed to hold a portfolio of the largest, most liquid, newly-listed U.S. IPOs. Each quarter when the ETF is rebalanced, new IPOs are included and older constituents are removed.
Is Renaissance a public company?
Net Assets 390.63M
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YTD Daily Total Return -10.47%
Beta (5Y Monthly) 1.27
Expense Ratio (net) 0.60%
Inception Date 2013-10-16
What is an IPO ETF?
An IPO ETF is exactly what it sounds like, namely, an exchange traded fund that holds shares of stock in companies that have recently launched initial public offerings.
What is IPO stock Renaissance?
About Renaissance IPO ETF The fund seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the index. The index is a portfolio of companies that have recently completed an initial public offering ("IPO") and are listed on a U.S. exchange.
Does an ETF have an IPO?
Ticker
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First Trust U.S. Equity Opportunities ETF
First Trust
$1.41B
0.57%
What companies are in the IPO ETF?
- Uber Technologies, Inc. 8.01%
- Snowflake, Inc. Class A 7.08%
- Datadog Inc Class A 4.64%
- CrowdStrike Holdings, Inc. Class A 4.58%
- Zoom Video Communications, Inc. Class A 4.33%
- Airbnb, Inc. Class A 3.30%
- Avantor, Inc. 3.04%
- Cloudflare Inc Class A 3.02%
How do you find out what companies are in an ETF?
Luckily, digging into an ETF is pretty easy, thanks to free tools at USATODAY.com. Just to go to the Money section of USATODAY.com at money.usatoday.com, enter the symbol or the name of the ETF in the Get A Quote box and click the Go button. You'll be taken to an area of the site dedicated to analyzing ETFs.
Is Renaissance publicly traded?
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