QGRO: Growth And Quality Fund Worth Shortlisting, But Not A Buy Now

Summary

• QGRO leverages an index-based quality- and growth-centered strategy. It is overweight in the IT, consumer discretionary, and health care sectors.
• Information technology, together with energy, is the major contributor to QGRO's about 20% forward EPS growth rate. Energy players (predominantly refining companies) bolstered its 4.6% EY.
• QGRO has outperformed IVV and QQQ since the index change.
• It is definitely worth shortlisting the fund owing to its profitability and growth credentials.
• Alas, I would stop short of a Buy rating due to the market environment being unsupportive of growth style.

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The American Century U.S. Quality Growth ETF (NYSEARCA:QGRO) is a passively managed fund worth shortlisting for maximalist growth and quality investors, with the essential reason being its outstanding fundamentals. However, the issue here is that the markets

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.