Gabelli Funds launches actively managed Growth Innovators ETF
Gabelli Funds has launched Growth Innovators (GGRW), an actively managed ETF seeking to invest in businesses both enabling and benefiting from digital acceleration, on the New York Stock Exchange today.
Advanced technologies, such as AI, machine learning and data analytics, have been historically reserved for only the most technologically sophisticated organisations. Limited accessibility, high cost and complexity have inhibited more widespread adoption.
Today, those constraints have been lifted and technology is becoming democratised. The pandemic served as a force function for adoption, pushing consumers into digital channels and forcing enterprises to accelerate their digital transformation agendas. As technology percolates throughout every corner of the economy, it has the potential to contribute to global productivity growth. The Gabelli Growth Innovators ETF seeks to surface the portfolio management team’s best ideas exposed to these secular tailwinds.