Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Goldman has launched an ETF competitor to the Katie Wood Fund


September, 22 2021
watermark Economic news

Goldman Sachs Bank has launched the Goldman Sachs Future Tech Leaders ETF investment fund, designed to unbalance the investment flows that have recently raised the prices of Big Tech shares, in particular, shares of FAANG, Amazon, Apple, Netflix and Google.


The fund is designed to invest in companies that are designed to become technology leaders in the future and will have a truly global impact. Goldman Sachs noted that the fund will allow more correctly allocating investments, including outside the United States.


To date, there are 66 holdings in the new fund, which were selected by the Goldman team based on fundamental indicators. The TOP 5 list includes Marvell Technology, MercadoLibre, HubSpot, Workday and the Kingdee International Software Group. Almost 80% of the portfolio is concentrated in the field of information technologies and communication services.


After its debut on the public market, the Goldman ETF at the moment even slightly surpassed the S&P 500 and the Nasdaq Composite. The competitor of the new fund is considered to be Katie Wood's Ark Innovation ETF, which is focused on far-sighted, technology-savvy investors.


The difference between the funds is that the Goldman ETF is more global, since 50% of its investments are not invested in American companies. This gives him the opportunity to use the services of analysts around the world. The fund is also focused on everything that has a market capitalization of less than $100 billion, that is, it is more focused on small businesses.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.