Legendary investor Jeremy Grantham’s GMO is planning to offer an exchange-traded fund that will invest in U.S. quality stocks, the firm’s first ETF as it responds to demand in the wealth management industry.
Grantham has built a reputation for calling major stock-market bubbles, including in 2000 and 2007. In January 2022, he warned of a “superbubble” spanning across stocks, bonds, real estate and commodities while pointing to stimulus from the Federal Reserve.
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