GMO's New ETF: Unveiling Top Portfolio Managers and Quality Stocks
Jeremy Grantham's firm, GMO, has launched its first active ETF, the GMO U.S. Quality ETF, which focuses on "quality" stocks in sectors such as technology, healthcare, and consumer staples. The ETF is managed by GMO partner Tom Hancock and aims to invest in companies with sustainable capital deployment and high rates of return. Despite mixed performance among its top holdings, such as Microsoft and Johnson & Johnson, the ETF is seen as a natural evolution in the industry and offers active managers a better chance at long-term success. Since its launch, the GMO U.S. Quality ETF has seen minimal gains.