## Tom Lee’s ETF Hits a Home Run
Here’s a quick rundown of the recent success of Tom Lee’s actively managed ETF, GRNY:
- Rapid Growth: The Fundstrat Granny Shots US Large Cap ETF (GRNY), managed by Tom Lee, has reached $2 billion in assets under management in under nine months.
- Industry Leader: This rapid growth is a standout achievement, making it the fastest-growing actively managed large-cap equity ETF in the U.S.
- Investment Strategy: GRNY invests in approximately 35 high-quality stocks within the S&P 500, focusing on companies aligned with long-term investment themes.
- Strong Performance: The fund is up over 18% year-to-date, significantly outperforming the S&P 500.
- Transparency and Accessibility: Tom Lee emphasizes making the ETF easy to understand and transparent for investors.
- “Granny Shot” Philosophy: The fund’s strategy involves identifying stocks that fit multiple key investment themes over the next 5-10 years, such as energy, cybersecurity, AI, and the impact of millennials.
- Expense Ratio: The ETF has an expense ratio of 0.75%.
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