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Grandma Knows Best: Ignore the ‘Sugar High’ of Tom Lee’s GRNY ETF
Yahoo Finance· 2025-10-09 12:00
Group 1 - Tom Lee has maintained a positive outlook on the stock market, which has proven to be accurate over the past decade despite various challenges faced by the S&P 500 and Nasdaq-100 indexes [1][2] - The stock market has a strong positive bias, as many forecasters have remained bearish since 2007, contrasting with Lee's unwavering bullish stance [2] - The compensation structure in the investment industry, which relies on asset-based fees, incentivizes asset growth, either through new investments or increasing the value of existing assets [3] Group 2 - Tom Lee's Fundstrat research firm has successfully launched the Fundstrat Granny Shots US Large Cap ETF (GRNY), which has reached over $3 billion in assets under management (AUM) within its first year [4] - The GRNY ETF has outperformed the S&P 500, gaining 25% since its inception, indicating a successful asset-gathering strategy [4] - The GRNY ETF is primarily a growth-focused fund, suggesting that its performance may be influenced by marketing efforts and Lee's presence in financial media [4]