- After a correction in the S&P 500, a recent discovery of mine has been GSPY, which is co-managed by Gotham Asset Management, LLC.
- The fund mirrors the S&P 500, but slightly reweights the holdings, buying more of the stocks they find to be cheaper and less of the ones they find more expensive.
- Upon analysis, GSPY slightly outperforms SPY, has a cheaper share price, and a lower expense ratio, but is rather illiquid compared to other S&P 500 ETFs.
- The ETF is suitable for retail investors who have a long-term buy and hold strategy, and wish to add a modest number of shares on a regular basis during pullbacks.
- Day traders and speculators should stay away due to the illiquid nature of the ETF.
For further details see:
Gotham Enhanced 500 ETF: Outperformance At A Cheaper Price