CGGR - CGGR: Growth With Less Tech And A Winner
2024-04-15 04:07:07 ET
Summary
- Capital Group Growth ETF offers a growth portfolio with a well-balanced sector allocation, providing a cushion against concentration risk.
- CGGR operates under a multi-manager approach, leveraging individual expertise and fostering a diversified portfolio.
- CGGR's top holdings include Meta Platforms, Microsoft, Netflix, Alphabet, and Tesla, offering exposure to various sectors and growth opportunities.
One of the things that worries me is concentration risk. It's been a growth world for some time now, with Technology being the outsized winner from a momentum perspective. The result of this tech dominance on growth-oriented portfolios is concentration risk, with funds like the Russell 1000 Growth Index having a whopping 44% of the portfolio in just that one sector. What if you want a growth portfolio that does not have that much sector risk? There aren't that many options, but the Capital Group Growth ETF ( CGGR ) stands out. And it's been a surprisingly strong fund given its sector makeup....
CGGR: Growth With Less Tech, And A Winner