Long-term growth seekers now have another choice as BNY Mellon introduces its newest ETF, the BNY Mellon Concentrated Growth ETF BKCG.

BKCG follows a large-cap growth approach, targeting companies likely to grow in the long term. The subadvisor of the fund, Fayez Sarofim & Co., looks for high-growth industries that could do well over the next three to five years or more. The fund has a net expense ratio of 50 basis points.

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After identifying major industries, BKCG invests in industry leaders with good profitability, solid balance sheets and growing global presence. The fund also invests in companies that could be undervalued at that time but have potential for upside for shareholders.

Using a buy-and-hold strategy, BKCG seeks to reduce portfolio turnover while maintaining a stable long-term perspective. As much as 10% of the fund’s assets can also be invested in foreign securities.

As of April 1, BKCG has meaningful exposure to the financials and technology sectors, which represents its emphasis on industries with high growth potential. Some of the holdings adorning its portfolio are Apple Inc. AAPL with a 8.4% weighting, Amazon.com Inc AMZN with a 6.10% weighting, and Visa Inc. V with a 4.33% weighting.

Strengthening BNY Mellon’s ETF Offerings

BKCG is the newest addition to BNY Mellon’s expanding ETF family. The company continues to grow its presence in the ETF space, following on the success of products such as the BNY Mellon US Large Cap Core Equity ETF BKLC, which now has more than $3.2 billion in assets under management.

Through BKCG, BNY Mellon solidifies its position in offering investors concentrated, long-term growth possibilities in changing market spaces.

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