An ETF Looking to Give Investors a 'Lyft' in the IPO Market

The IPO fund tracks the top 80% of newly US listed companies not yet in mainstream indexes. It employs a catch and release strategy, holding companies until their two-year trading anniversary. As of March, the fund held about 80 companies, mainly in tech and retail, with $20 million in assets. Despite trailing the broader market since 2013, it has recently outperformed, albeit with higher volatility. The fund is rated positively in Bloomberg's system.

What is the primary focus of the fund mentioned in the text?

How long do companies stay in the fund after their trading debut?

What sectors are primarily represented in the holdings of the IPO fund?

What has been the performance of the IPO fund compared to the broader U.S. market?

What is the significance of the Bloomberg Intelligence Traffic light system mentioned in the text?