LRGG: Active Large-Cap Growth ETF With A Clear And Unique Strategy
Source: SeekingAlpha
2025-04-19 23:09:54 ET
Summary
- The Macquarie Focused Large Growth ETF offers exposure to 15-25 high-conviction U.S. stocks, aiming to participate in rising markets and weather disruptions.
- The fund's active managers screen for qualitative and quantitative quality, which is evident based on the portfolio's high net and free cash flow margins.
- A long-term performance review of Macquarie's large-cap growth mutual fund reveals a strategy of tighter returns: lower highs but higher lows. Its current portfolio beta is also much lower than average.
- This strategy should work out if there are more frequent market corrections. However, LRGG's inferior GARP features take away some of those benefits. It trades expensive at 27x forward earnings.
- LRGG has its fair share of strengths and weaknesses, but it's not clear whether the strategy is better than what low-cost passive funds already offer. Therefore, I've assigned it a "hold" rating.
Investment Thesis
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LRGG: Active Large-Cap Growth ETF With A Clear And Unique Strategy
Macquarie Focused Large Growth ETF
NASDAQ: LRGG
LRGG Trading
-0.36% G/L:
$27.0615 Last:
6,222 Volume:
$27.08 Open:
