Opinions John Hood
Evolve FANGMA Index ETFTECH.TODON'T BUYJun 29, 2023
Stock price when the opinion was issued
As of Jun 05, 2026. Market Open.
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Just six names of big tech, very select. The bulk of those companies have 20% upside or more. GOOG has moved up so much that he's not in love with this choice, but other names have moved sideways with a selloff and rotation. If a market's going higher, it'll typically be the biggest weightings in that market that will drive it there.
Lots of value here. You don't need to recreate the wheel, just own what's proven to be the best and hope they outperform in the same way they have in the past.
Buy this, and then you can always go and buy some individual stocks to round out your holdings.
Cole Kachur55 bps expense ratio. Strong performer this year, but not so much in 2022. How much is left in the tank? He owns some of the underlying names, and some names he will own tactically from time to time. With tech, a lot of names are extended on price to sales. Not a good entry point, expects rotation to better risk/reward areas.
Very good question. He always insists on his investments being liquid. He has no interest in anything that he can't sell in 10 minutes.
ETF market is so dominated by BlackRock, BMO, and Vanguard, everyone is squabbling over the remaining 15% of the market. So you end up with a lot of nichey products. Evolve has a number of very small ETFs. Adds an element of doubt, so he avoids them. It may be unfair, but he's dealing with retirees who don't need anything that's not liquid.