Do IPOs and Buybacks Continue to Represent SPX Value?

2 Tem 2015

Here we have the Renaissance IPO and First Trust US IPO ETFs meant to track the market performance of stocks that are not yet in the major equity indexes - so 'IPO-like' companies. Appetite for these untested companies is considered by some a leading indicator of investor risk appetite; so I put it up against the S&P 500.