Using ETFs To Play IPOs (FPX, PSP, IWC)
Prateek Mehrotra, Chief Investment Officer for iSectors discusses with CNBC how to use ETFs to play the IPO market. In 2010 there have been 66 IPOs versus 14 in all of 2009, and the IPO pipeline is growing. Prateek likes the First Trust US IPO Index (NYSE:FPX), the PowerShares Listed Private Equity (NYSE:PSP), and the iShares Russell Microcap Index (NYSE:IWC). See the video below for Pratee’s explanation on how to use these ETFs to play the IPO market.