At Endowment Wealth Management we have been recommending and using the above ETF since inception within our Private Equity and Risk Managed Models. We use this ETF as a proxy for public private equity, as these are considered newly listed. We are pleased with this ETF completing it’s 10 year of existence. Moreover, the performance over that time period has been impressive as well.
The IPOX 100 U.S. Index (that underlies this ETF) currently pools a total market capitalization of approximately USD 1.3 trillion. Since inception, the USD 585 milion ETF has returned +169.14% vs. +96.66% and +69.26% for the ETFs linked to the S&P 500 (SPY) Index and Russell 2000 (IWM) Index, respectively. The fund carries a 5 star rating from Morningstar.
The ETF tracks IPOX Schuster’s IPOX 100 U.S. Index (IPXO), benchmark for the largest and typically best performing U.S. IPOs and corporate Spin-offs “going public” over a 4-year rotational cycle. IPOX Schuster LLC (www.ipoxschuster.com), the Chicago-based innovative Financial Services Firm specializing in Financial Products Design related to Newly listed companies such as IPOs and corporate Spin-offs, is the creator and managed of this Index.