S&P Capital IQ does not yet have a rating on IPO, but the firm does have an “Underweight ranking on SOCL. Past performance is not necessarily indicative of future results and contributing unfavorably to the SOCL’s ranking is S&P Capital IQ’s view on the valuation of the stocks inside the ETF as of the end of September 2013.”
The research firm also has an underweight rating on the First Trust Dow Jones Internet Index Fund (NYSEArca: FDN), which has a 6.5% weight to Facebook. S&P Capital IQ is slightly more bullish on FPX, giving that ETF a marketweight rating.
First Trust US IPO Index Fund
