Renaissance Capital has launched a follow-up to its popular Renaissance IPO ETF (NYSE: IPO) that will concentrate on the international markets.
The new ETF will trade under the ticker symbol IPOS and will track a basket of recent international IPOs. Renaissance Capital has made it clear that there will be no overlap between its two IPO ETFs, therefore the popular Chinese IPO Alibaba Group Holding Ltd (NYSE: BABA) will remain a holding in IPO and not be transferred to IPOS.
Kathleen Smith, chairman of Renaissance Capital said, "When added to core equity holdings, this portfolio of new equities provides investors with unique returns and more complete ...
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