Tom Taulli’s pick for the contest is the Renaissance IPO ETF (NYSEARCA:IPO). Renaissance IPO Index – ETF Tracker The Renaissance IPO ETF is designed to provide investors with efficient exposure to a portfolio of newly public companies prior to their inclusion in core U.S. equity portfolios.
Every quarter, the company conducts a review to asses which companies should be included and removed.
When the coronavirus hit, the IPO market shutdown. In fact, it’s in the No. The average return? Fast forward to today: the IPO ETF is up a sizzling 60% (for the second quarter) and is ranked No.
By comparison, the S&P 500 was up 26% and the Nasdaq posted a rise of 33% for the quarter.
Article printed from InvestorPlace Media, https://investorplace.com/2020/06/best-etfs-for-2020-the-renaissance-ipo-etf-powers-higher-in-q2/. 2020 InvestorPlace Media, LLC. As of this writing, he did not hold a position in any of the aforementioned securities.
There seemed to be little hope as the markets were deeply bearish.
This will help explain why it ranks among the best ETFs to buy this year.
2 in the contest with a year-to-date gain of nearly 30%. But of course, this would turn out to be a bottom in the market. Almost all of the offerings saw upsizing or higher pricing. About 68%. My pick for the contest, the Renaissance IPO ETF (NYSEARCA: IPO), has seen a major bull move this year.
1125 N. Charles St, Baltimore, MD 21201. Nasdaq
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When I last provided an update for InvestorPlace.com’s annual exchange-traded funds contest, there was not much good news to report. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The Renaissance IPO ETF accomplishes this by replicating the performance of the Renaissance IPO Index. Every quarter, the company conducts a review to asses which companies should be … This article is a part of InvestorPlace.com’s Best ETFs for 2020 contest.
Companies that have been public for two years are removed at the next quarterly review. quotes delayed at least 15 minutes, all others at least 20 minutes. The Renaissance IPO ETF is designed to provide investors with efficient exposure to a portfolio of U.S.-listed newly public companies ahead of their inclusion in core equity portfolios.
The IPO ETF tracks the Renaissance IPO Index, which includes about 55 companies. About Renaissance IPO ETF The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Renaissance IPO Index (the "index").