Tom Lee’s Granny Shots ETF is crushing the market and raking in cash
Tom Lee speaks of Fundstrrat Global Advisors’ executive partner and research chair, CNBC’s “The Stock Exchange” on October 31, 2023.
Adam Jeffery | CNBC
Tom Lee’s Fundstrat capital has come to the fore with the macroeconomic calls in the market, and now its new ETF stretches the firm’s stock collection skills.
Fundstrat Granny is rapidly emerging as one of the most popular and successful active stock funds of the year. Fund hit 1.5 billion dollars Only eight months after its release last November, it is growing rapidly in a industry where some funds reach 10% of this level.
The performance was perfect compared to peers and a criterion index. According to Factset, MSCI USA has performed better than the Big Cap Index since the fund establishment. Measured by MorningstarThe fund’s return of approximately 14% this year is the first three percent in the category of about 1,400 other funds.
This Fundstrat ETF performs better than most of its peers and wider market in 2025.
“It was definitely a positive surprise because we know how crowded the area is.
“Grandmother“The title refers to the withdrawal of basketball free throws. For Fundstrrat, it means a stock that has been under the theme of many significant investment themes that increase the company’s earnings growth. These themes include energy and cyber security, an artificial intelligence category called global labor suppliers and the influence of millennia.
“The strategy may not seem flashy-but it is based on a disciplined, rules-based process designed to increase the possibility of consistent results over time” website says.
The result is about 35 S&P 500 stocks that are re -balanced every three months. The best holdings are currently involved Robinity– Prophecy And Advanced Micro Devices.
Lee said that the selection of stocks under more than one theme helps to stand up under the changing market moods of the fund.
“Both the AI story and a stock that depends on thousands of years have the chance to perform better, because it may not be in favor of any moment, but it may be thousand years, so you’re constantly increasing your chances of performance,” he said.
The next step will perform better in the long run that has abandoned many star fund managers in the past. Lee said he believes that focusing on long -term tendencies and earnings growth enables this strategy to strengthen.
“I think the idea of thinking about long -term story springs to use a thematic approach and find stocks [that] Better performance, I think that’s what really echoed with us. I think you can still perform better, Lee Lee said.
The expense rate of the Granny Shots Fund is 0.75%.
Description: Tom Lee is a CNBC contribution.
