ETF Trends
ETF Trends

Along with exchange traded funds (ETFs), 2006 was an opportune year for initial public offerings (IPOs). The amount of money raised jumped 19%, to $38 billion and through December 8, they gained 24%. BusinessWeek.com  reports that the market looks just as strong going into 2007 with upstarts having strong growth potential looking more appealing.

The First Trust IPOX-100 Index (FPX) is an ETF launched last April that invests in IPOs. The private equity boom will keep feeding the IPO market directly. The financial sector had the most action with 48 deals valued at $7.5 billion. Technology IPO’s should remain on a steady increase as telecom did the same this year.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.