Everyone wants to stand out. In the crowded world of ETFs, that may seem impossible, but the Wall Street Journal
has the story of one ETF that really is one-of-a-kind.
The First Trust US IPO Index ETF
] is the only product to track an index of initial public offerings, according to Index Universe data, Journal reporter Chris Dieterich writes.
The fund, which has grown 28 percent this year, invests in companies that have been on the market for about a week and then keeps its money parked for at least a few years.
Some of the major investments include the 2008 IPO of Visa, the 2010 IPO of General Motors, and of course, the IPO from earlier this year that got all the press: Facebook.
For more details on how the fund works and what its secret is, read the original article
Stay ahead of the news ... Sign up for our email alerts now