Fundstrat Granny Shots ETF (GRNY) Off to a Success

The video discusses a fund inspired by an unconventional basketball free throw style, known as Granny Shots, which focuses on thematic and systematic stock picking. Despite the underperformance of active managers, this fund has seen success, amassing over $400 million in two weeks. The fund is based on long-term themes like millennials and global financial conditions, and short-term themes like seasonality. Stocks must fit at least two themes to be included. The strategist, a former JP Morgan employee, launched the fund five years ago, and it has outperformed the S&P 500. The ETF was launched due to client demand, with Stephen Quinn hired to oversee it.

What is the main inspiration behind the Granny Shots strategy?

• A new technology trend

• A popular investment strategy

• An unconventional basketball free throw style

• A conventional basketball free throw style

Which of the following is NOT a longer-term theme for Granny Shots?

• Seasonality style tilts

• Supply chains

• Global financial conditions

• Millennials

How many themes must a stock fit to be included in the Granny Shots fund?

• At least one

• At least two

• At least three

• At least four

What was the profession of the person behind Granny Shots before starting his own firm?

• Financial advisor

• Fund manager

• Investor

• Strategist

Why was an ETF launched for Granny Shots?

• To increase transparency

• Due to client demand

• To reduce costs

• To diversify investments