FPX holds an array of spin-offs and companies that were once public, then privatized in private equity deals only to go public again. The ETF is up 23.3% in the past year. [Misnomers Still Surround IPO ETFs]
The most recent new ETF to be introduced by Illinois-based First Trust was the First Trust Dorsey Wright International Focus 5 ETF (NasdaqGM: IFV). The international answer to the already popular First Trust Dorsey Wright Focus 5 Fund (NasdaqGM: FV), IFV debuted last week.
First Trust US IPO Index Fund
ETF Trends editorial team contributed to this post.