The U.K. is the largest country weight in IPOS at 20.6% followed by Japan at 11.5% and China at 11%, according to issuer data. The other three BRIC nations, Brazil, Russia and India combine for 8.8% of the ETF’s weight.
The largest individual holding in IPOS’ is Brazil’s BB Seguridade Participacoes with a weight of 5.13%. None of the other 100 holdings in the ETF had a weight of more than 4.7% as of Oct. 3.
First Trust, which sponsor’s IPO’s main competitor, the First Trust US IPO Index Fund (NYSEArca: FPX), is expected to launch the First Trust International IPO ETF on the NASDAQ Stock Market under the ticker “FPXI” in the coming days.
Renaissance IPO ETF
ETF Trends editorial team contributed to this post.