There’s nothing like a unique name for an ETF or investing theme to get investors’ attention. And last year, Fundstrat launched the Granny Shots ETF (NYSE Arca:GRNY). The idea behind the granny shot is that the strategy is simple and low risk, giving investors the opportunity to easily generate strong and consistent gains. While it may not be flashy or exciting as other investments, it can still get the job done; it’s the equivalent of a “granny shot” in basketball.
The fund focuses on large cap U.S. stocks and investing in themes that are likely to do well over the long term, including energy and cybersecurity, global labor supply, and stocks which appeal to millennials. Each stock has to be in at least two of the themes for it to be included within the fund.
Currently, the largest holdings in the ETF include Robinhood Markets (NASDAQ:HOOD), Advanced Micro Devices (NASDAQ:AMD), and Oracle (NYSE:ORCL). These are solid businesses with good fundamentals, but they also have terrific long-term growth prospects. And no stock accounts for even 4% of the fund’s total portfolio, offering investors some good diversification.
The ETF’s expense ratio of 0.75% is a bit high, but its unique approach could still make it a compelling option for investors, especially if it proves to do a good job of mixing growth and safety. This year, the ETF has risen by 15%.
If you’re a long-term investor who’s focused on growth, this can be a good ETF to consider for your portfolio.
