The Renaissance International IPO ETF (NYSEArca: IPOS), the international relative of the Renaissance IPO ETF (NYSEArca: IPO), is making a new addition to its lineup.
“Huatai Securities (6886.HK), a mid-sized brokerage firm in China, raised $4.5 billion in its Hong Kong IPO. The China-based company now commands a market value of $22.4 billion and qualifies for inclusion in the Renaissance International IPO ETF at the market’s close on June 5, 2015,” according to a statement issued by Renaissance Capital.
IPOS, which debuted in October, is currently home to 93 stocks. The ETF’s holdings range in weight from 0.05% to 5.3% as of May 29, according to issuer data.
IPOS tracks the Renaissance International IPO Index. The ETF mixes developed and emerging markets with its largest country weight being 14.7% to China followed by 13% to the U.K. and 11.5% to Germany.