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New IPO fund taps Twitter excitement

The hype surrounding Twitter Inc.’s upcoming initial public offering is no doubt renewing interest in IPOs – especially now that Facebook Inc. is trading well above its starting price, easing bad memories of an early stumble.

But if the risks of buying a hot new stock are too much for you, perhaps the solution is to buy a basket of hot new stocks. Renaissance Capital launched its Renaissance IPO exchange-traded fund on Wednesday, debuting in New York with the ticker symbol IPO – adding to an investment trend.