Renaissance International IPO ETF (IPOS)
Renaissance International IPO ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in Greenwich, CT, US. The stock last traded at $23.61, up 1.97% on the session, giving a market capitalisation of $7.0M. Its beta of 1.34 implies it has historically moved more than the broad market.
The fund primarily dedicates a minimum of 80% of its overall assets to the financial instruments included in its benchmark index. This benchmark is constituted by common equities, depositary receipts, real estate investment trusts (REITs), and units representing partnership interests. A maximum of 20% of the portfolio's value may additionally be allocated to specified derivatives such as futures, options, and swap agreements, alongside cash or highly liquid equivalents, and even common shares outside the primary index, all intended to aid the fund in closely replicating the index's performance. Notably, this fund operates on a non-diversified basis.
Renaissance International IPO ETF is most often compared with the following Financial Services names: