7 Best Growth ETFs to Reap the Recovery's Rewards
NHL Hall of Famer Wayne Gretzky used to say, "I skate to where the puck is going to be, not to where it has been." During these trying times, these are wise words.
As it applies to growth stocks, you'll want to consider where these companies are going to be in six, 12 and 18 months. Easier said than done. It's impossible to know exactly where companies are going to be once the coronavirus finally dissipates. And that's what makes growth exchange-traded funds (ETFs) so appealing right now.
The economy is reeling. Economists are using data to help predict when the economy will bottom, and how low that bottom will be. Some, such as Goldman Sachs, have created custom economy trackers that pull various data points together to understand where the economy is headed - and more importantly, when it will bounce back. GS believes unemployment will peak at 15%, then the economy will experience a robust recovery by the end of the year.
Investors want to look ahead, not behind. But betting on individual growth stocks expected to benefit from this rapid rebound might be too risky a practice for many retail investors. Funds, however, can help you invest for growth without fearing that one company's unexpected collapse will cause you outsized portfolio pain.
These seven growth ETFs provide a variety of ways to ride an eventual economic recovery. Funds like
