FTSE Renaissance IPO Index Series Q2 2009
The new FTSE Renaissance IPO Index Series has been created in conjunction with Renaissance Capital International LLC to give investors unparalleled exposure to the investable US IPO market. Historically, many IPOs have waited up to three months for inclusion in most major US benchmarks, and their early returns are subsequently missed.
The new indices are:
- The FTSE Renaissance IPO Composite Index. The first comprehensive benchmark index for IPO performance, capturing over 95% of the total market value of the IPO universe.
- The FTSE Renaissance IPO Investable Index. The first passive vehicle to properly capture the IPO space, reflecting approximately the top 80% of the FTSE Renaissance IPO Composite Index.
May saw the introduction of three new IPOs, which priced above the mid-point of their respective price range, indicating renewed interest by institutional investors, while five IPOs were announced in June. The FTSE Renaissance IPO Composite Index increased 7% in May, boosting its year-todate performance to 22% and significantly outperforming the broader US equity market indices.
More information can be found at
www.ftse.com/ipo, or contact Bob Ebert
on +1 212 641 6174.
