As Lyft Ups IPO Target, a Look at an IPO ETF Likely to Benefit

The video discusses the IPO ETF from First Trust, highlighting its strategy of adding IPOs after six days of trading and releasing them after 1000 days. The ETF has a strong performance record, outperforming the S&P 500. The video also covers the impact of new IPOs like Lyft and the FDN ETF, which focuses on FANG stocks. First Trust's approach to providing value in the ETF market is also discussed.

What challenges does the fund face when adding new IPOs like Lyft, Uber, and Airbnb?

What is the significance of the 6-day waiting period for adding IPOs to the ETF?