The Traderszone Network

Published in TZ Latest News 29 June, 2015 by The TZ Newswire Staff

IPO ETFs Keep Eye on Seres And Glaukos

Initial public offerings revved up in June after a slow start to the year. The ETFs holding these shiny new stocks are beating the broad market year to date. The average first-day IPO pop is 15% this year, up from 13% in 2014 — a blockbuster year for IPOs, according to Renaissance Capital, manager of Renaissance IPO (IPO). This exchange traded fund is up 4.7% year to date. By comparison, SDPR S&P 500 (SPY) has gained 0.2%.

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