American Century US Quality Growth ETF

QGRO

Capitalización de mercado USD 1932 M

A smart beta exchange traded fund, the American Century U.S. Quality Growth ETF (QGRO) debuted on 09/10/2018, and offers broad exposure to the Style Box - All Cap Growth category of the market.

This week, I appeared on Schwab TV for the New York Stock Exchange. Here's a brief recap.

There is a myth that index-based ETFs are all static buy-and-hold products that passively track a benchmark. Many people think of indexing through the lens of market-cap strategies like the Vanguard S&P 500 ETF (VOO).

Index ETFs rebalance on a regular cadence, and while not incredibly frequent, they can still provide a powerful window into manager thinking. American Century Investments' U.S. Quality Growth ETF (QGRO) just made some notable changes, dropping major names as part of its regular rebalance.

Headlines from recent weeks can sometimes induce investor whiplash. Yes, bond panic is the latest storm cloud to loom over markets, amid concentration risk and the ongoing Hormuz crisis.

American Century U.S. Quality Growth ETF is rated Hold, as strong GARP and quality characteristics of its portfolio are overshadowed by its underperformance versus peers and the market. While having an appealing growth and quality premise, QGRO has lagged leading growth ETFs like IWF, SCHG, and QQQM, as well as IVV, year-to-date. The fund has also underperformed IVV and the growth-focused ETFs since the strategy change in May 2023.

Launched on 09/10/2018, the American Century U.S. Quality Growth ETF (QGRO) is a smart beta exchange traded fund offering broad exposure to the Style Box - All Cap Growth category of the market.

Lean into growth, but diversify. That was an interesting midyear market call I heard this week, and one that rang slightly surprising — and, yet, not surprising at all.

June saw strong performance in terms of readership across content hubs on ETF Database. The hottest topics ranged from news stemming from the SpaceX IPO to details related to the methodologies underlying certain ETFs.

Investors are always on the look out for signals in the market, windows into the minds of asset managers. Index ETF rebalancing provides perhaps the strongest data points that one can get outside of big market shifts.