Reported about 1 month ago
Ken Griffin, the billionaire behind Citadel Advisors, is heavily investing in two major exchange-traded funds (ETFs): the SPDR S&P 500 ETF Trust and the Invesco QQQ Trust. Griffin's Citadel fund significantly increased its holdings in both ETFs through large purchases in early 2024, capitalizing on their extensive diversification and historical performance. Despite high price-to-earnings ratios for both funds, experts believe they remain strong long-term investment choices.
Source: YAHOO