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Hello everyone- hope you are all ok- Id like your thought s on the ETF SPGP- too high to buy now?Is it sustainable? Any thoughts from all you experinced investors would be appreciated, where as Im not one of you- cheers!!!
The 3 (9.96%), 5 (15.79%), and 10 year (14.5%) performance records of SPGP somewhat speak for themselves. The portfolio certainly seems odd, and certainly out of synch with the "Magnificent 7, but I guess that's the point.
Prior to June 24, 2019, the fund tracked a Russell pure growth index (perhaps the opposite of GARP in growth context) under a different name and ticker (PXLG).
Neither M*, nor Lipper, make a distinction on historical returns, as far as I can tell. I tend to think that events since January 2020 have offered a pretty good shakedown cruise.
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What brought it to your attention?
Was just commenting on my investing experiences in general.
I should have started a new paragraph.