The active offering will invest in companies it classifies as ‘high quality’
GMO, the value-oriented house co-founded by the veteran investor Jeremy Grantham, has filed to launch its first exchange traded fund, a regulatory filing shows.
In addition to investing directly in equities, the ETF might invest in exchange-traded and over-the-counter derivatives and ETFs, the filing says.The fund may also invest in the $432mn GMO US Treasury Fund. The two funds bled a combined $389mn during the year ended July 31, according to data from Morningstar Direct.
Danmark Seneste Nyt, Danmark Overskrifter
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