Negative
Seeking Alpha
1 year ago
LCLG: 12 Years Of High Fees And Poor Returns For This Innovative Growth ETF
LCLG is comprised of 40-60 U.S. securities selected for their high earnings growth potential. It's an actively managed ETF with $80 million in assets under management and a 0.96% expense ratio. LCLG benchmarks against the Russell 1000 Growth Index, but my fundamental analysis reveals its growth prospects are actually weaker. Its components are also highly leveraged compared to its peers. We see the result of this when evaluating the performance of LCLG and its predecessor mutual fund. It's lagged its benchmark by 1.18% per year on average, with greater volatility.
