Bill Miller-Backed Rainwater ETF Bets On Boring—And That's The Point
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 19 2025
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Source: Benzinga
Rainwater Equity ETF Launch: The newly launched Rainwater Equity ETF, led by veteran manager Joseph R. Shaposhnik, focuses on steady recurring revenue and a concentrated portfolio of 20 to 30 high-quality businesses with subscription or contract-based models, aiming for long-term growth without over-diversification.
Investment Strategy and Philosophy: With an expense ratio of 1.25%, the fund emphasizes low turnover and tax efficiency, aligning interests as Shaposhnik invests his own money in the ETF, providing a disciplined approach that contrasts with the typical volatility of the market.
Analyst Views on RW
Wall Street analysts forecast RW stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RW is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 26.096
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Current: 26.096
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
