2024-04-17 17:54:41 ET
Summary
- Nuveen Growth Opportunities ETF is an actively managed fund that focuses on U.S. companies with a market capitalization of at least $1 billion.
- The NUGO ETF's investment approach emphasizes growth, quality, and value, targeting market leaders with compelling earnings potential and well-capitalized companies with favorable return on invested capital.
- NUGO's sector allocation is heavily concentrated in Information Technology, which may pose a risk in the event of a Tech correction.
Personally, I prefer funds that look different from market-cap weighted averages. Funds that take a more proactive concentrated stands with a different weighting make-up. Sure, those strategies risk being wrong and underperforming, but at least there is a differentiator against everything else....
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For further details see:
NUGO: A Concentrated Large-Cap Active Play