The newly minted Renaissance International IPO ETF (NYSEArca: IPOS) will make its first new addition since coming to market on Oct. 6.

IPOS will add shares of Recruit Holdings (6098.JP) at the market’s close on October 22, 2014. Japan-based Recruit, “provider of temporary staffing and permanent placement services in Japan and overseas, raised $1.8 billion. The Japan-based company now commands a market value of $16.3 billion and qualifies for inclusion in IPOS,” said Renaissance Capital in a statement.

The addition of Recruit to IPOS brings the ETF’s lineup to 102 members with the largest holding being Brazil’s BB Seguridade Participacoes at a weight of 5.1%.

IPOS tracks the Renaissance International IPO Index, meaning that like the Renaissance IPO ETF (NYSEArca: IPO), the new ETF will be a cap-weighted fund. There will be no overlap in holdings between the two ETFs, meaning that well-known China IPOs such as Alibaba and JD.com (NasdaqGS: JD), which reside in IPO, will not be found in the new ETF. IPOS’ benchmark comes courtesy of the FTSE Group.

Like IPO, IPOS has the ability to add “sizable new companies on the fifth day of trading and the rest on scheduled quarterly reviews. Companies are removed after two years when the they become seasoned stocks,” according to Renaissance Capital.

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