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An IPO Pro Buys More Palantir, Rivian, and Kenvue. It Sold Li Auto.

Por: MarketWatch Business October 15, 2023

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Matt Kennedy, a senior strategist at Renaissance Capital, said in an email that the firm manages two passive IPO-focused exchange-traded funds that “are designed to track our rules-based IPO indices.” Kennedy added, “So unlike actively run ETFs (e.g. (ARKK)), our trading activity at each quarterly rebalance is largely determined by the rules laid out in our index documents. The basic idea is to offer investors a basket of the largest and... + full article



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