CANSLIM Select Growth Fund has been around much longer. It outperformed in 2008 (by staying flat) but has lagged the S&P in recent years.
According to Morningstar CANGX fund holds 80% US equities, 12% bonds, 6% non-US stocks. 1.42% expenses. Yield only 0.19%. That might explain the return VS S&P 500. Thanks for the info.
sorry to say it's not as easy as it sounds. I think the I50 EFT is quite volatile. the stocks on the IBD 50 list are selected by computer. some of the selections are quite "stupid" in my opinion. a lot of people follow the IBD 50 stocks. As a result, I think big money has manipulated those stocks. there have been some spectacular ugly gap-downs.
I agree about the volatility, but here is Innovator Funds counter argument: http://innovatoretfs.com/pdf/FFTY_Choose_Growth.pdf
Yes; expect it to beat GE +the S&P 500/SPY over time , more of a roller coaster. NOT a stock tip/prediction.Good question; volume is trending up 52 weeks also
I spoke with Innovative Funds last week. My specific question and concern was if FFTY would have the ability to go into "cash" for some part of the portfolio if the market entered a bear market scenario. The answer I got was: "good question" and he kinda/sorta skated the question, although not ruling it out. I have subscribed to IBD Swing Trader for a trial period and if the overall market is trending down, they slow down or stop recommending stock buys- hence my question to Innovative funds. He seemed to be more specific with the LDRS since if the top performing ETFs are trending on a monthly basis towards "cash/bond" positions, then that's what the fund buys. Again, ETFs in LDRS are only repositioned once monthly. For FFTY the stocks they are repositioned once weekly. Please correct me if I made any errors.