Tom Lee’s Granny Shots ETF rakes in $2 billion in AUM just 9 months after inception

From an analytical perspective, From an analytical standpoint, Tom Lee, managing partner and the head of re at Fundstrat Global Advisors, speaks on CNBC's "The Exchange" on Oct

Additionally, Adam Jeffery | CNBCAn ETF driven by Tom Lee, an unabashed bull on Wall Street with a big online fandom, just hit another milestone (which is quite significant)

In contrast, The speed to reach $2 billion ranks no. 1 out of 258 U. -listed actively managed large-cap equity ETFs, according to Morningstar and FactSet data

The Fundstrat co-founder and former JPMorgan strategist gained a huge online ing by making bold calls on the market and communicating with investors frequently and timely

However, "We want to make in our ETF understandable and transparent," Lee said in a statement (noteworthy indeed), considering recent developments. "Granny shot" is a reference to shooting a basketball underhand at the free throw line where the player releases the ball from below the waist, in today's market environment

For Fundstrat, it means identifying stocks that fall under multiple key investment themes over the next five to 10 years

Those themes include energy and cyber security, an AI-category called global labor suppliers, and the impact of millennials

The data indicates that Granny Shots fund has an expense ratio of 0 (an important development) (this bears monitoring)

Disclosure: Tom Lee is a CNBC contributor, given current economic conditions.