Three Themes That Will Drive ETF Growth in 2021, According to Market Analysts
One of 2020's shining examples has been the Renaissance Capital IPO ETF (IPO), up over 111% year to date, Old Mission's Harry Whitton said in a Wednesday interview. "The fund has grown to over half a billion dollars this year. It's really exciting," said Whitton, his firm's head of ETF sales trading. "I think everybody's tied onto the whole record of IPOs happening this year — in December, over 400 new issues launched in the IPO space." Renaissance Capital expects heavy hitters such as SpaceX and Instacart to debut next year, and with that, the IPO ETF's gains to keep adding up. Another fun...
Source: nbcnewyork.com