2010 turned out to be another great year for the FTSE Renaissance IPO Index (Bloomberg symbol: IPOS Index), which includes institutionally-investable IPOs at the end of their first trading day and removes them after two years, when they become seasoned equities. The index, which is currently comprised of 203 constituents, closed December 31st at 260.71, a 52-week high, and generated a return of 20.3% for the year, significantly outperforming both the S&P 500 (+12.8%) and the Russell 3000 (+14.8%). The top three constituents in the index are General Motors (GM), Mead Johnson Nutrition Company (MJN) and Verisk Analytics (VRSK).
Renaissance Capital's Asia Pacific IPO indices, including the FTSE Renaissance Asia Pacific ex Japan IPO Index (symbol: IPOAPX) and the FTSE Renaissance Hong Kong/China Top IPO Index (symbol: IPOHKT) followed suit by generating solid returns of 12.3% and 8.3%, respectively, after experiencing a rough second quarter.
Stay tuned for our 2010 annual review of the FTSE Renaissance IPO Index Series (to be published during the week of January 3rd), and get a sneak peak of our new Global IPO Index, which is expected to launch in 1Q 2011.
