Resist the FOMO. An asset manager has created an ETF for ‘genuine investments’ that shuns market crazes like crypto and meme stocks.
One fund manager wants you to forget about the eye-popping gains from meme stocks and crypto and get back to the basics of investing.
“We sit very much at the opposite end of the spectrum to meme-stock investing,” said Guy Davis, managing director at Houston, Texas-based GCI Investors. “We are investing in underlying businesses and companies rather than just stocks.”
Two companies he likes are UK-based online grocery delivery company Ocado, which has rallied 545% in the past five years, and waste-management company GFL Environmental.