#USA #New York #Fundstrat #Granny Shots ETF #Tom Lee

Fundstrat Granny Shots ETF Surpasses $1 Billion in AUM

Fundstrat Capital recently announced a major milestone for its Granny Shots U.S. Large Cap ETF (NYSE: GRNY), revealing that the fund has exceeded $1 billion in assets under management (AUM) just six months after its launch on November 7, 2024. This achievement underscores the growing interest in actively managed ETFs and solidifies Fundstrat's position in the competitive investment landscape.

In a recent statement, Tom Lee, the Chief Investment Officer and Lead Portfolio Manager at Fundstrat Capital, expressed his gratitude to ETF holders for their support, which has been crucial in reaching this significant milestone. He noted how the fund's weekly video updates have been appreciated by investors, allowing them to stay informed about the portfolio's strategies, particularly amidst the uncertainty presented by tariffs and market volatility encountered earlier this year.

"Hitting the $1 billion milestone reinforces what we continually hear from investors–they want research-centric strategies that come in an accessible ETF wrapper backed by transparent and ongoing communication," Lee remarked.

The rapid growth of GRNY reflects an increase in demand for actively managed ETFs that bring both transparency and a unique investment perspective. The ETF employs an equal-weighted construction and a thematic investment strategy designed to mitigate concentration risk while providing investors with exposure to companies poised to benefit from macroeconomic trends. This dual approach makes it an attractive option for investors looking to diversify their portfolios.

Ken Xuan, Co-Portfolio Manager of GRNY, emphasized that while reaching $1 billion is a significant achievement, it’s just the beginning for the fund. "Our singular focus is to identify high-quality investment opportunities and position the fund for sustainable growth. We plan to leverage our market expertise along with innovative strategies aimed at benefitting our investors,” he stated.

Adding to this, Carrie Presley, an ETF Product Specialist at Fundstrat Capital, expressed her gratitude to platform partners and advisors who have embraced GRNY. She reinforced that their backing has played an instrumental role in achieving this milestone, noting, "We are just getting started."

This achievement reflects robust investor support for GRNY’s unique strategy, which is anchored in Fundstrat's evidence-based approach to navigating the modern market landscape. Given the dynamic nature of today’s economy, investors are increasingly leaning towards strategies that combine research and market trends.

For further information about the Fundstrat Granny Shots ETF, potential investors can visit grannyshots.com or reach out via email at [email protected]. As with any financial decision, investors are advised to consider the fund's investment objectives, risks, charges, and expenses before investing. Detailed information can be found in the fund's prospectus.

In conclusion, the success of Fundstrat's Granny Shots ETF is a positive indication of the current trend in the investment community, where demand for innovative and actively managed financial products continues to rise. Investors appear eager for tools that not only promise growth but also keep them informed throughout their investment journey, which has evidently worked to GRNY's advantage in its early months.