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Legendary investor Jeremy Grantham's GMO is planning to offer an exchange-traded fund that will invest in U.S. quality stocks, the firm's first ETF as it responds to demand in the wealth management industry.
GMO, an investment firm co-founded by Grantham, is preparing to launch the GMO U.S. Quality ETF under the ticker QLTY, according to a prospectus filed Monday with the Securities and Exchange Commission. The actively managed fund will primarily invest in shares of U.S. companies, with the selection of stocks based in part on profitability, leverage and growth opportunities, the filing shows.
marketwatch.com - Jeremy granthams gmo plans its first ETF a fund that will target quality stocks 