ipo
NFOs: Marketing hype or investment opportunity? Consider NFOs only if they fill a gap in your portfolio
Unlike IPOs (where investors benefit from listing gains if shares are priced below their fair value), NFOs are not available at a “discount”. (AI image) The flood of NFOs is not abating. Some 25 new funds were launched in August, and the rush has continued in September. Four NFOs are open right now, and seven…