Bill Miller-Backed Rainwater ETF Bets On Boring—And That's The Point
Rainwater Equity ETF Launch: The newly launched Rainwater Equity ETF, led by veteran manager Joseph R. Shaposhnik, focuses on steady recurring revenue and a concentrated portfolio of 20 to 30 high-quality businesses with subscription or contract-based models, aiming for long-term growth without over-diversification.
Investment Strategy and Philosophy: With an expense ratio of 1.25%, the fund emphasizes low turnover and tax efficiency, aligning interests as Shaposhnik invests his own money in the ETF, providing a disciplined approach that contrasts with the typical volatility of the market.
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Stocks Make Significant Recovery in Strongest Thanksgiving Week Since 2008: What's Ahead?
- Market Performance: Stocks experienced a rebound during the Thanksgiving week, with the S&P 500 and Dow Jones Industrial Average rising by 3.7% and 3.2%, respectively.
- Historical Context: The S&P 500's performance marked its best showing during the holiday week since 2008.
Nasdaq Sees Strongest Performance Since May, Fueled by Alphabet's AI Surge: Implications for Thanksgiving Week Ahead.
Market Performance: U.S. stocks experienced a significant rebound on Monday, with the Nasdaq Composite index achieving its best performance since May, gaining 2.7%.
Recent Gains: The Nasdaq has seen a total increase of 3.6% since the market opened on Friday, marking its strongest two-day performance since mid-May.
New Fund Backed by Bill Miller Relies on a Straightforward Yet Effective Strategy
Investor Sentiment: Veteran money manager Joseph Shaposhnik observes that many investors have lost faith in actively managed funds, which he describes as a “broken” system that can be repaired.
Critique of Fund Management: Shaposhnik criticizes the prevalence of actively managed funds where managers focus excessively on index constituents rather than making independent investment decisions.
Bill Miller-Backed Rainwater ETF Bets On Boring—And That's The Point
Rainwater Equity ETF Launch: The newly launched Rainwater Equity ETF, led by veteran manager Joseph R. Shaposhnik, focuses on steady recurring revenue and a concentrated portfolio of 20 to 30 high-quality businesses with subscription or contract-based models, aiming for long-term growth without over-diversification.
Investment Strategy and Philosophy: With an expense ratio of 1.25%, the fund emphasizes low turnover and tax efficiency, aligning interests as Shaposhnik invests his own money in the ETF, providing a disciplined approach that contrasts with the typical volatility of the market.
Rainwater Equity ETF (RW) Launches Today
Launch of Rainwater Equity ETF: Joseph Shaposhnik has founded the Rainwater Equity ETF, aimed at providing financial advisors with a focused investment solution in high-quality, recurring revenue businesses, emphasizing long-term growth and tax efficiency.
Investment Strategy and Leadership: The ETF targets 20–30 stable companies with repeat-purchase models, managed by experienced leaders, and is designed to minimize turnover and taxes while fostering steady client wealth growth over time.
UN Security Council Condemns Rwanda for Eastern Congo Violence
UN Security Council Condemnation: The UN Security Council condemned Rwanda for supporting the M23 rebellion in eastern Democratic Republic of Congo, demanding the withdrawal of Rwandan troops as the conflict displaces nearly a million people and threatens regional stability.
Rwanda's Response and Claims: Rwanda's ambassador denied backing the M23 rebels and accused Congo of intimidation, while emphasizing the need to address Rwanda's security concerns and the grievances of Kinyarwanda-speaking Congolese to resolve the ongoing conflict.
Stocks Make Significant Recovery in Strongest Thanksgiving Week Since 2008: What's Ahead?
- Market Performance: Stocks experienced a rebound during the Thanksgiving week, with the S&P 500 and Dow Jones Industrial Average rising by 3.7% and 3.2%, respectively.
- Historical Context: The S&P 500's performance marked its best showing during the holiday week since 2008.
Nasdaq Sees Strongest Performance Since May, Fueled by Alphabet's AI Surge: Implications for Thanksgiving Week Ahead.
Market Performance: U.S. stocks experienced a significant rebound on Monday, with the Nasdaq Composite index achieving its best performance since May, gaining 2.7%.
Recent Gains: The Nasdaq has seen a total increase of 3.6% since the market opened on Friday, marking its strongest two-day performance since mid-May.
New Fund Backed by Bill Miller Relies on a Straightforward Yet Effective Strategy
Investor Sentiment: Veteran money manager Joseph Shaposhnik observes that many investors have lost faith in actively managed funds, which he describes as a “broken” system that can be repaired.
Critique of Fund Management: Shaposhnik criticizes the prevalence of actively managed funds where managers focus excessively on index constituents rather than making independent investment decisions.
Bill Miller-Backed Rainwater ETF Bets On Boring—And That's The Point
Rainwater Equity ETF Launch: The newly launched Rainwater Equity ETF, led by veteran manager Joseph R. Shaposhnik, focuses on steady recurring revenue and a concentrated portfolio of 20 to 30 high-quality businesses with subscription or contract-based models, aiming for long-term growth without over-diversification.
Investment Strategy and Philosophy: With an expense ratio of 1.25%, the fund emphasizes low turnover and tax efficiency, aligning interests as Shaposhnik invests his own money in the ETF, providing a disciplined approach that contrasts with the typical volatility of the market.
Rainwater Equity ETF (RW) Launches Today
Launch of Rainwater Equity ETF: Joseph Shaposhnik has founded the Rainwater Equity ETF, aimed at providing financial advisors with a focused investment solution in high-quality, recurring revenue businesses, emphasizing long-term growth and tax efficiency.
Investment Strategy and Leadership: The ETF targets 20–30 stable companies with repeat-purchase models, managed by experienced leaders, and is designed to minimize turnover and taxes while fostering steady client wealth growth over time.
UN Security Council Condemns Rwanda for Eastern Congo Violence
UN Security Council Condemnation: The UN Security Council condemned Rwanda for supporting the M23 rebellion in eastern Democratic Republic of Congo, demanding the withdrawal of Rwandan troops as the conflict displaces nearly a million people and threatens regional stability.
Rwanda's Response and Claims: Rwanda's ambassador denied backing the M23 rebels and accused Congo of intimidation, while emphasizing the need to address Rwanda's security concerns and the grievances of Kinyarwanda-speaking Congolese to resolve the ongoing conflict.
