It’s Cinco de Mayo and the Renaissance IPO ETFs are now listed on the Mexican Stock Exchange (BMV).
Greenwich, Conn. - May 5, 2021 - Renaissance Capital LLC is pleased to announce the listing of the Renaissance IPO ETF (BMV-SIC: IPO1) and the Renaissance International IPO ETF (BMV-SIC: IPOS) on the Mexican Stock Exchange. These new listings on the Mexican Exchange will allow Mexican investors to access our funds and align their portfolios with intelligently designed baskets of newly public companies.
The BMV is the second largest stock exchange in Latin America with a total market capitalization of over $530 billion. The Mexican ETF market continues to grow steadily, not only among institutional investors, particularly pension funds and asset managers, but also among retail clients, wealth managers and private banks.
“We are pleased to be a part of the growing Mexican stock market.” says Bill Smith, co-founding principal of Renaissance Capital LLC. “Newly public companies can be difficult for investors to access. These challenges are amplified internationally. The Renaissance IPO ETFs simplify this process and make these companies more accessible than ever before.”
The Renaissance IPO ETFs are designed to provide investors with efficient exposure to a portfolio of newly public companies ahead of their inclusion in core equity portfolios. By tracking the rules-based Renaissance IPO Index, designed by Renaissance Capital research to hold the largest, most liquid newly-listed IPOs, the Renaissance IPO ETFs include the most economically significant newly public companies. Sizable IPOs are added on a fast entry basis and the rest are added during scheduled quarterly reviews. Companies that have been public for two years are removed at the next quarterly review.
To learn more… click here
Renaissance Capital is a global IPO investment advisor providing institutional research, data feeds, investment management and indexing services. The Firm's IPO Intelligence research services provide pre-IPO fundamental analysis and global IPO market analytics to the top institutional buyers of IPOs. Renaissance Capital manages portfolios of newly public companies through ETFs. For more information, visit Renaissance Capital’s web site.
Investments in the Renaissance IPO ETF, symbol "IPO", and the Renaissance International IPO ETF, symbol "IPOS" (the "ETFs") are subject to investment risk, including possible loss of the principal amounts invested. The ETFs invest in companies that have recently completed initial public offerings. These stocks are unseasoned equities lacking trading history, a track record of reporting to investors and widely available research coverage which may result in extreme price volatility. Due to a greater number of IPOs in certain segments, the ETFs may also be subject to information technology and financial sector risk, small and mid-capitalization company risk, and, for the Renaissance International IPO ETF, emerging markets risk. The ETFs may hold securities in the form of Depositary Receipts, REITs, and Partnership Units which have greater risks than common shares. The strategies have high portfolio turnover and securities lending risks. The returns of the ETFs may not match the return of the respective indices. The ETFs are classified as non-diversified investment companies subject to concentration risk.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus and/or summary prospectus with this and other information, please visit www.renaissancecapital.com. Read the prospectus carefully before investing. Foreside Fund Services, LLC, distributor for the ETFs, 1-866-486-6645.