The Fundstrat Granny Shots US Large Cap ETF (GRNY) has reached an astounding achievement. In fact, it hit the $2 billion AUM threshold in under nine months since its inception! Launched in November 2022, GRNY has quickly distinguished itself as an actively managed ETF that focuses on approximately 35 high-quality stocks listed on the S&P 500. This rapid fire fill-the-purse approach earns GRNY the title of fastest to reach the mark among 258 U.S.-listed actively managed large-cap equity ETFs.
Tom Lee, managing partner and head of research at Fundstrat Global Advisors. As Executive Director, he spearheads the vision and momentum of GRNY forward. His strategic vision has played a key role in the ETF’s remarkable run, which includes a more than 18% year-to-date rebound. Along the way, GRNY has beaten the S&P 500 by more than 9 percentage points. This extraordinary accomplishment underscores its incredibly fierce competitive advantage in the marketplace.
GRNY claims to have leading positions in household names of the sharing economy such as Robinhood and Oracle. This extends its already exemplary track record of choosing the best investments. The ETF provides a very competitive expense ratio of only 0.75%. This is what makes it such an attractive option to investors seeking efficient ways to tap into high-quality assets.
“This is a unique moment in the industry where raising just $200 million can often take years, yet we reached $2 billion in such a brief period,” said Tom Lee. He emphasized the importance of transparency and accessibility in the investment process, stating, “We want to make investing in our ETF understandable and transparent.”
GRNY’s rapid ascent is even more impressive given the headwinds many new funds have encountered in trying to attract capital. The ETF’s success reflects not only its strong performance but its appeal to investors looking for clarity and straightforward investment options in today’s complex financial landscape.