✅   CSMD: Too Expensive On Several Fronts, But This SMID Growth ETF Is One To Watch

Finance

The Congress SMID Growth ETF (NYSEARCA:CSMD) is a relatively new actively managed fund holding approximately 40 small- and mid-cap stocks for their high-growth characteristics. Initially, I was skeptical, given the fund's 0.68% expense ratio and my neutral rating for the Congress Large Cap Growth ETF (CAML). However, my fundamental analysis revealed a fund that's competitive in its category on growth and quality, the latter of which is linked to the solid long-term returns of Congress' small- and mid-cap growth mutual funds. I'm disappointed in its valuation, which I found to be excessive, but CSMD could benefit from lower rates more than most, and I encourage you to place it on your watchlist as a potential alternative to ...

seekingalpha.com     Jul 26, 2024