Jeremy Grantham’s GMO just launched an actively managed fund focused on high-quality stocks. Its manager shares 7 unique companies he’s betting on to deliver high returns

• GMO’s Tom Hancock is heading up the firm’s first-ever ETF, the GMO U.S. Quality ETF.
• The fund is actively managed and has 35 holdings.
• Hancock spoke with Business Insider about 7 of them.

For the first time in the firm’s 46-year history, GMO has launched an exchange-traded fund, opening up the firm to new inflows as mutual funds become less popular.