NUGO: Beating Peers In 2024, But Its Track Record Is Still Short
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Nuveen Growth Opportunities ETF (NUGO) has outperformed the S&P 500 by 10.5% over the last year, focusing on growth and quality in the tech sector. Despite its success, it has high volatility, deep draw-downs, higher fees, and a more concentrated portfolio compared to large passive growth ETFs.
December 05, 2024 | 10:45 pm
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Nuveen Growth Opportunities ETF (NUGO) has outperformed the S&P 500 by 10.5% over the last year, focusing on growth and quality in the tech sector. Despite its success, it has high volatility, deep draw-downs, higher fees, and a more concentrated portfolio compared to large passive growth ETFs.
NUGO's recent outperformance against the S&P 500 suggests positive investor sentiment and potential for continued growth. However, its high volatility and fees may deter risk-averse investors. The concentrated portfolio could lead to significant gains or losses, depending on market conditions.
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