5 Growth ETFs to Buy Now

1. iShares Core S&P U.S. Growth ETF (NYSE:IUSG)

iShares Core S&P U.S. Growth ETF (NYSE:IUSG) is an exchange traded fund that tracks the investment returns of an index which comprises a basket of US-based stocks in the mid-cap and large-cap range which exhibit growth characteristics. 

One of the top holdings of the iShares Core S&P U.S. Growth ETF (NYSE:IUSG) is Tesla, Inc. (NASDAQ:TSLA), a firm that markets electric vehicles and clean energy solutions. At the end of the fourth quarter of 2021, 91 hedge funds in the database of Insider Monkey held stakes worth $12.9 billion in Tesla, Inc. (NASDAQ:TSLA), compared to 60 in the previous quarter worth $10.6 billion.

Here is what ClearBridge Investments had to say about Tesla, Inc. (NASDAQ:TSLA) in its Q4 2021 investor letter:

“Within the growth universe we target, emerging growth stocks – the category with the highest revenue growth rates – significantly underperformed the overall growth categories in 2021 after leading performance in 2020. The pull-through effect on digitization, online access across industries, and spending to modernize outdated corporate infrastructures accelerated trends in a highly compressed time frame. Much of that trend slackened in 2021 and shares of these companies, while showing good top-line growth, saw slowing appreciation from the blistering pace in the prior year. With that moderating growth, multiples decelerated from 2020 highs. Bucking the headwinds among our emerging growth names was Tesla, Inc. (NASDAQ:TSLA) which saw continued sales momentum from their leadership positions in the key growth areas of electric vehicles.”

You can also take a peek at 10 Green Energy Stocks to Watch As Europe Cuts Reliance on Russia and 12 Best Artificial Intelligence Stocks To Invest In Right Now.

Follow Insider Monkey on Twitter