Reported about 12 hours ago
Tom Lee, the chief investment officer at Fundstrat Capital and a prominent Wall Street bull, has launched a new exchange-traded fund called the Granny Shots US Large Cap ETF (GRNY) which has quickly attracted over $400 million in assets. Known for his optimistic predictions on the stock market, Lee's new ETF focuses on both long-term and short-term investment themes, and aims to stand out in a challenging environment for stock pickers. Despite a tough backdrop where many active managers have underperformed, GRNY has had a strong start and Lee plans to expand his ETF offerings in the future.
Source: YAHOO