FPX: A Diversified Approach To IPO Investing

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.

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