Legendary value investor's firm launches new fund targeting 'quality' stocks
Publishing timestamp: 2023-11-18 16:03:52
Summary
The article discusses how Jeremy Grantham's firm has launched its first active ETF, the GMO U.S. Quality ETF, which focuses on companies that can sustainably deploy capital and have high rates of return. The ETF's top holdings include Microsoft, UnitedHealth, and Johnson & Johnson. The article also mentions the mixed performance of these stocks so far this year. The article concludes by discussing the potential benefits of active ETFs for active managers.
Sentiment: NEUTRAL
Tickers: MSFT, JNJ, XLV, UNH, XLP, XLK,
Keywords: consumer staples select sector spdr fund, business news, recessions and depressions, health care select sector spdr fund, unitedhealth group inc, gmo us quality etf, markets, investment strategy, breaking news: markets, technology select sector spdr fund, stock markets, microsoft corp, johnson & johnson, breaking news: investing, exchange-traded funds, economy,