FPX has attracted an impressive $480 million since inception while IPO remains considerably smaller with about $29 million.
On this note, there appears to be a continued appetite on Wall Street for a steady stream of IPOs, as the IPO market is abuzz again this morning with the debut of both GPRO and SERV.
Other ETFs that have considerable weightings to FB that may not be on the tip of everyone’s tongues are PNQI (PowerShares Nasdaq Internet Portfolio, Expense Ratio 0.60%), with a >8% weighting, as well as FDN (First Trust DJ Internet, Expense Ratio 0.57%), WMW (ELEMENTS Morningstar Wide Moat Focus ETN, Expense Ratio 0.75%), and MTUM (iShares MSCI USA Momentum Fund, Expense Ratio 0.15%).
First Trust US IPO Index Fund
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