How To Tap The Booming IPO Market With ETFs

First Trust US Equity Opportunities ETF (FPX - Free Report)

This ETF focuses on the largest, best-performing and most-liquid U.S. IPOs, and follows the IPOX-100 U.S. Index. New companies can find entry into the fund’s holding after trading for a minimum of 100 days. In total, the fund holds 101 securities in its basket with the largest allocation going to the top two firms with nearly 7% share each while other securities hold no more than 4.53% of the assets. The fund has accumulated $1.2 billion in AUM and witnesses volume of about 106,000 shares per day. It charges 70 bps in fees a year and has gained 4.7% in a month.

Bottom Line

Considering the number of offerings in the pipeline, investors looking to take advantage of new growth stocks should definitely bank on these two ETFs. The success of the new listings will add further fuel to the booming IPO market.

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