Tuesday, October 3, 2023
HomeBusinessStock picker's market won't derail excitement for ETFs, investor says

Stock picker’s market won’t derail excitement for ETFs, investor says


Related stories

Tips to choose the finest renovation contractor

Although renovating your house is a fun activity, it...

1847 Holdings Regains Compliance With NYSE American Listing Standards By Investing.com

© Reuters. Publicly traded diversified acquisition holding company,...

Southeast Asia to be key drivers of LNG market by end of decade

Liquefied natural gas (LNG) storage units.Dan Kitwood |...

5 Reasons To Choose An Office At Collaborate

Flexible Workspace and Offices in Woking In the 21st century,...

Exchange-traded funds can still compete in today’s “stock picker’s” market, according to a top investor.

“A lot of money is moving into active ETFs, because it provides the benefits that you have from active management [or] from stock picking … but also all the tax benefits and cost benefits that you have in an ETF,” Avantis Investors Chief Investment Officer Eduardo Repetto told CNBC’s “ETF Edge” last week.

He predicts actively managed ETFs will continue to gain traction through the second half of the year.

“We used to only have index ETFs,” Repetto noted. However, he emphasized this has changed over the past three years as the number of actively managed ETFs has grown.

Repetto’s firm is behind the Avantis U.S. Equity ETF, an actively managed portfolio of U.S. stocks. Its website shows the fund’s top holdings are Apple, Microsoft, Amazon, Meta Platforms and Alphabet.

As of Friday, the ETF is up 12% this year and 49% over the past three years.

Source link

Bellie Brown
Bellie Brownhttps://businesstimes.org
Hi my lovely readers, I am Bellie brown editor and writer of Businesstimes.org. I write blogs on various niches such as business, technology, lifestyle., health, entertainment, etc as well as manage the daily reports of the website. I am very addicted to my work which makes me keen on reading and writing on the very latest and trending topics. One can check my more writings by visiting Cleartips.net

Latest stories