IPO ETF Beats S&P 500 with 30% Rally Despite Facebook Flop
By:
ETF Trends
Facebook’s (NasdaqGS: FB) initial public offering last year was a disaster but that didn’t stop First Trust US IPO Index ETF (NYSEArca: FPX) from handily beating the market in 2012. The ETF nearly doubled the return of the S&P 500, gaining 30.5% compared with a 16% advance for the...
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