Tom Lee Lines Up More Granny Shots ETFs After Netting $3B AUM

Core Insights - The article discusses the introduction of two new ETFs by Fundstrat, named the Fundstrat Granny Shots US Small- & Mid-Cap ETF (GRNJ) and Granny Shots US Large Cap & Income ETF (GRNI), which follow the success of the existing Fundstrat Granny Shots US Large Cap ETF (GRNY) [2][3] Group 1: Fundstrat's ETF Strategy - Fundstrat's ETFs are designed to cater to current market demands, focusing on moving away from megacap stocks and generating income [3] - The existing GRNY ETF has performed well, returning approximately 30% this year, which is nearly double the S&P 500's performance, and has reached $3 billion in assets under management [3] - The "granny shot" investment philosophy involves selecting stocks based on at least two of seven identified market driver themes, ensuring a diversified portfolio [3] Group 2: Details of New ETFs - GRNJ will select between 20 to 100 positions from US stocks in the bottom 15% by market capitalization, approximately $25 billion or less [4] - GRNI will apply the same thematic selection but will focus on companies in the top 85% of market capitalization, with a goal of distributing income monthly [4] - As of the latest update, the new ETFs were pending listings and had not yet begun trading on the exchange [4]