We have our portfolios positioned to take advantage of both a Great Rotation market and a Chase market. One of my latest Favorite Funds additions, for instance, was the Dan Ives Wedbush AI Revolution ETF (IVES), and I am very pleased to report that it is off to a robust start, remarks Jim Woods, editor of Forecasts & Strategies.
As we move towards a potential “new normal” environment of solid economic growth, elevated inflation, elevated energy prices but still-strong corporate earnings, cyclicals, value and mega-cap tech segments should reassert themselves as market leaders.
Dan IVES Wedbush AI Revolution ETF (IVES)
As for IVES, if you watch CNBC or read any tech-sector analysis, you are likely familiar with Dan Ives. He’s known for his sharp wit and deep knowledge of the sector, as well as his sartorial brashness. Ives’ true superpower, however, is picking best-of-breed tech stocks, and he does so via a unique approach to thematic investing that combines an index-based structure with active research insights.
Interestingly, the IVES ETF does track an index, but that index is shaped by Dan’s ongoing research conducted by him and his team at Wedbush Securities. This research-driven framework helps shape the ETF’s portfolio construction as the AI landscape rapidly evolves.
The result is a focused basket of approximately 30 companies positioned across the full AI value chain. And as we’ve witnessed since we entered this fund in March, that focused basket of tech stocks, which includes Advanced Micro Devices Inc. (AMD), Alphabet Inc. (GOOGL) and Broadcom Inc. (AVGO), continues to deliver during this Chase market.
Recommended Action: Buy IVES.
