{"id":48742,"date":"2023-11-18T21:45:35","date_gmt":"2023-11-18T21:45:35","guid":{"rendered":"https:\/\/prosfunds.com\/news\/legendary-value-investors-firm-launches-new-fund-targeting-quality-stocks\/"},"modified":"2023-11-18T21:45:37","modified_gmt":"2023-11-18T21:45:37","slug":"legendary-value-investors-firm-launches-new-fund-targeting-quality-stocks","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=48742","title":{"rendered":"Legendary value investor’s firm launches new fund targeting ‘quality’ stocks"},"content":{"rendered":"
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Legendary value investor Jeremy Grantham is betting on a special caliber of stocks with his firm’s first active ETF: the GMO U.S. Quality ETF.\u00a0\u00a0<\/p>\n

And he put GMO partner Tom Hancock in charge of it.<\/p>\n

“There’s a lot more interest in active ETFs than there was even a few years ago,” Hancock told CNBC’s “ETF Edge” this week. “Coming from our clients, a lot of them are really excited about investing in ETFs. Of course, there are the tax advantages. But even amongst our institutional clients, just the ease of trading them is pretty material.”<\/p>\n

Hancock says the new ETF is built around companies that can sustainably deploy capital and high rates of return, with a focus on technology