Core Insights - Active ETFs are gaining traction, with TTEQ representing a shift from passive to active management in sector investing, particularly in technology [1][2] - TTEQ's recent investment in OpenAI exemplifies its active management strategy, aiming to capture performance within the tech sector [2][4] - The flexibility of active management allows TTEQ to navigate across sectors and geographies, providing a competitive edge over passive funds [3][6] TTEQ Overview - TTEQ, managed by Dominic Rizzo, launched over a year ago and focuses on technology investments, including private companies [1][2] - The fund has achieved a year-to-date return of 26.9% and 27.3% over the past year, outperforming the Invesco QQQ Trust [7] - TTEQ charges a fee of 63 basis points for its active investment strategy, primarily targeting large-cap growth tech firms [7] Investment Strategy - TTEQ's approach includes the ability to invest in private companies, which is a unique advantage over passive ETFs [2][3] - The fund is currently in an "AI-on" mode, focusing on companies benefiting from the AI revolution, but may shift to a more defensive stance in the future [7] - Rizzo emphasizes that TTEQ is not solely an AI ETF but a broader technology ETF that adapts to market conditions [7] OpenAI Investment - The investment in OpenAI aligns with TTEQ's strategy of identifying potential aggregators in the tech space, leveraging the concept of "Aggregation Theory" [4][5] - OpenAI's extensive user base and diverse revenue streams position it as a significant player in the tech sector, with potential for rapid growth [6][5] - The fund's ability to access deal flow through private investments enhances its capacity to capitalize on emerging trends in technology [3][2]