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The best year for U.S. initial public offerings (IPOs) since the 1999 technology boom is driving record money into an exchange-traded fund (ETF) that invests in newly listed companies from Twitter Inc. to General Motors Co.

The First Trust U.S. IPO Index Fund attracted $165 million in the last three months of 2013, the most for a quarter since it started in 2006, according to data compiled by Bloomberg. That brought the total annual inflows to a record $280 million. The Bloomberg IPO Index climbed 64 percent last year, the biggest jump in 14 years, pushed by gains in Twitter and Hilton Worldwide Holdings Inc. Facebook Inc., which began trading in 2012 and has the biggest weighting in the IPO fund, doubled.

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