USA
Goldman tries to become a thematic ETF provider
Goldman Sachs is joining the thematic ETF rush, launching a transparent actively managed future tech ETF. The Goldman Sachs Future Tech Leaders Equity ETF (GTEK) will buy global technology companies with market capitalisations below $100B.
Companies are chosen based on qualitative and quantitative measures. Qualitatively, Goldman hunts for companies with genuinely better technology that are at tipping points in their growth. Quantitatively, it looks for companies posting sustainable growth and strong fundamentals.
It will invest 50/50 between US and ex-US companies. Emerging markets companies will take up to one-third of the portfolio. Looking through the portfolio, the major areas the fund has targeted are semiconductors, cloud and fintech.
The fund charges 0.75%. The top 10 holdings are:
|
Company |
% weight |
|
Marvell Technology Inc |
3.2 |
|
MercadoLibre Inc |
3 |
|
HubSpot Inc |
2.6 |
|
Workday Inc |
2.4 |
|
Entegris Inc |
2.4 |
|
Kingdee International Software Group Co Ltd |
2.3 |
|
Adyen NV |
2.2 |
|
MediaTek Inc |
2.2 |
|
Atlassian Corp PLC |
2.2 |
|
Silergy Corp |
2.2 |