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Greenwich, CT — October 16, 2013 — Renaissance Capital LLC, a global IPO investment advisor providing institutional research, investment management and indexing services, announced today the successful launch of the Renaissance IPO ETF, which is designed to offer investors efficient exposure to a portfolio of newly public companies prior to their inclusion in core U.S. equity portfolios. The Renaissance IPO ETF began trading today on NYSE Arca under the ticker symbol IPO.

The launch of the Renaissance IPO ETF, is a direct response to increased investor demand for systematic exposure to newly listed IPOs in a low-cost tax-efficient exchange-traded structure, said Kathleen Smith, Chairman of Renaissance Capital. When added to core U.S. equity holdings, a portfolio of unseasoned publicly traded equities provides investors with more comprehensive exposure to the full set of U.S. public equities. At Renaissance Capital, we are pleased to make available another investment tool in addition to our actively managed Global IPO Fund (symbol: IPOSX), which purchases IPOs on the offering and in post-IPO trading, to provide investors with access to the unique returns from this specialized category of equities.

The Renaissance IPO ETF provides investors with access to the most economically significant newly public companies by tracking the rules-based Renaissance IPO Index designed by Renaissance Capital’s research team to hold the largest, most liquid newly listed U.S. IPOs. New companies are included in the index on a fast-entry basis on the fifth day of trading, or upon quarterly review, and are removed after two years when the IPOs become seasoned stocks. As of September 30, 2013, top holdings in the index include an 11.0% position in leading social network Facebook ( FB ), a 9.8% position in global luxury fashion brand Michael Kors Holdings ( KORS ), and a 4.5% position in cloud-based HR platform Workday ( WDAY ).

About Renaissance Capital:  Renaissance Capital is a global IPO investment advisor providing institutional research, 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 unseasoned equities through the Global IPO Fund (symbol: IPOSX), the Renaissance IPO ETF (symbol: IPO) and separately managed institutional accounts. The Firm maintains the FTSE Renaissance Global IPO Index Series (symbols: IPOS, IPOSG), which serve as benchmarks of IPO performance and are used as the basis for investment products. For more information, visit www.renaissancecapital.com.

Disclosure:  Investments in the Renaissance IPO ETF (the ETF) and the Global IPO Fund (the Mutual Fund) are subject to investment risk, including possible loss of the principal amounts invested. The ETF and the Mutual Fund (the Funds) invest in companies that have recently completed their initial public offerings. These stocks may be subject to extreme price volatility and speculative trading. The Funds may also be subject to information technology risk, small and mid-capitalization company risk, REIT risk, Master Limited Partnership ( MLP ) risk, non-U.S. issuer risk and replication management risk. ETF returns may not match the return of the respective index. The ETF is classified as a non-diversified investment company and is subject to concentration risk. Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus with information about the Funds please visit www.renaissancecapital.com. Read the prospectus carefully before investing. Renaissance Capital Investments, Inc. distributor for the Mutual Fund. Foreside Fund Services, LLC, distributor for the ETF, 1-866-486-6645.