Neutral
Seeking Alpha
1 year ago
CAML: New Large-Cap Growth ETF Lags Out The Gate, But Can It Recover?
On August 21, 2023, Congress Asset Management launched CAML, an ETF that follows a similar strategy as its well established large-cap growth mutual fund. CAML's expense ratio is 0.65%. CAML has lagged behind its large-cap growth peers since its inception, but most is attributed to 5-6% underweighting of Nvidia. Otherwise, the long-return returns of Congress' mutual fund is solid. Still, I expected better growth and quality metrics, considering that's what Congress Asset Management advertises. In addition, CAML's P/E ranks only in the third quartile among large-cap growth ETFs.
