Summary
- FPX has benefited from strong momentum among high-growth IPO stocks in recent years.
- While FPX has outperformed the broader market with an impressive 45% return in 2020, the fund has trailed the competitor ‘IPO ETF’ which is more concentrated on smaller companies.
- We like the diversification of FPX which helps balance its risk and may ultimately prove to be the superior IPO investing strategy over the long-run.
Continue reading at Seeking Alpha right here: https://seekingalpha.com/article/4394968-fpx-diversified-approach-to-ipo-investing