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Stock impact report

FTGS: This Well-Rounded Large-Cap Growth ETF Comes With A Catch [Seeking Alpha]

RenaissanceRe Holdings Ltd. (RNR) 
Last renaissancere holdings ltd. earnings: 2/4 05:23 pm Check Earnings Report
US:NYSE Investor Relations: renre.com
Company Research Source: Seeking Alpha
6.17K Follower s Follow Summary FTGS is a relatively new equal-weighted large-cap growth fund with a 0.60% expense ratio and $610 million in assets under management. The selection process begins by identifying high-quality stocks through cash on hand, long-term debt to market cap ratios, and return on equity. Growth screens narrow the list to 50 stocks. The result is a portfolio that looks excellent on paper. FTGS is well-diversified by sector, features a 21% three-year earnings growth rate, and trades at just 19.17x forward earnings. There's a catch, and I'm skeptical these fundamentals will remain consistent with each reconstitution. For now, I'm taking a "wait and see" approach, and I remain neutral. LagartoFilm Investment Thesis The First Trust Growth Strength ETF ( NASDAQ: FTGS ) provides investors with large-cap equal-weighted exposure to 50 stocks that have increased earnings per share by over 21% annually over the last three years. Trading at 19.17x forward Show less Read more
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