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US stocks (^DJI, ^GSPC, ^IXIC) closed Tuesday in the red but above the session's lows. TCW head of ETFs wealth Jennifer Grancio sits down with Julie Hyman and Josh Lipton on Market Domination Overtime to discuss how the active ETF manager is investing in megatrends, like artificial intelligence and reshoring, as macro-level uncertainty fuels market volatility.
"Markets don't like uncertainty, and we have an enormous amount of uncertainty right now," Grancio says, telling Yahoo Finance, "The question for us is more how do you invest as an active manager in foundational AI, in how we use power and energy and in supply chain reshoring?"
"Our view as TCW is that AI is here to stay. This is happening and we've already seen a big correction at the beginning of this year," she says, adding, "We're looking at the quality of individual companies in our strategy." The TCW Artificial Intelligence ETF (AIFD) holds the Magnificent Seven group, made up of Nvidia (NVDA), Alphabet (GOOG, GOOGL), Tesla (TSLA), Microsoft (MSFT), Amazon (AMZN), Meta Platforms (META), and Apple (AAPL).
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Grancio also highlights the Transform Systems ETF (PWRD) and the Transform Supply Chain ETF (SUPP) as options to play the reshoring and supply chain instability trends.
To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.