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This text is part of InvestorPlace.com’s Greatest ETFs for 2020 contest. Tom Taulli’s choose for the competition is the Renaissance IPO ETF (NYSEARCA:).
It’s the beginning of the InvestorPlace.com annual exchange-traded funds contest. And this yr my choose is the Renaissance IPO ETF (NYSEARCA:). As a part of this contest, I’ll write quarterly critiques to mirror on the fund’s efficiency.
So why goal the preliminary public providing marketplace for the most effective ETFs contest? Properly, for essentially the most half, that is an space I’ve been overlaying for the reason that mid-1990s, with many articles and some books on the subject. IPOs are positively a ardour of mine.
And hey, that is the place you could find the following large concept. For instance, in case you invested $10,000 in Amazon (NASDAQ:) on the time of its IPO — on Could 17, 1997 — you’ll have over scored greater than $1 million. By the best way, had you invested in Walmart…