Wed, 06/11/2019 - 10:25
Goldman Sachs Asset Management (GSAM) has launched its third European exchange-traded fund (ETF), the Goldman Sachs ActiveBeta® Emerging Markets Equity UCITS ETF (GSEM LN).
The Fund will track GSAM's proprietary Goldman Sachs ActiveBeta Emerging Markets Equity Index, mirroring the firm’s existing US-listed vehicle. GSEM LN seeks to offer long-term capital growth through exposure to high-quality companies in emerging markets.
“The Goldman Sachs ActiveBeta® Emerging Markets Equity UCITS ETF is designed to help investors access opportunities across emerging markets in a smart, efficient way,” says Peter Thompson, Head of GSAM’s European ETF Business. “The latest addition to our European ETF business provides investors with a sophisticated route to diversification, which leverages our quantitative investment expertise, and deep knowledge of emerging markets in a simple structure.”
The Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF is similar to the Goldman Sachs ActiveBeta® US Large Cap Equity UCITS ETF (GSLC LN), which started trading on 26 September, in that it tracks a Goldman Sachs ActiveBeta® index. The index is constructed using a performance-seeking methodology from Goldman Sachs that delivers the potential to outperform the market.
The Goldman Sachs ActiveBeta Emerging Markets Equity Index — which as of 30 September 2019, consisted of 434 securities from issuers in 25 emerging market countries — weights stocks based on four key factors of investment style:
1 Value — The index identifies stocks from companies that may be undervalued by the rest of the market. This can help investors to gain exposure to high potential stocks that others may have overlooked.
2Momentum — The index identifies stocks with prices that have been growing. This allows investors to participate in market trends.
3 Quality — The index identifies stocks from companies that demonstrate sustainable profitability over time. This allows investors to gain exposure to companies with strong fundamentals and potential for consistent returns.
4 Low volatility — The index identifies stocks from companies that are likely to avoid extreme swings up and down in price. This aims to smooth out the ride, so investors can stay invested for the long term.
The percentage of the Goldman Sachs ActiveBeta Emerging Markets Equity Index exposed to any asset class, country or geographic region will vary over time, and the Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF may not be invested in each asset class, country or geographic region at all times.
Nick Phillips, Head of International Retail Client Business at GSAM, says: “By adding emerging markets access to our expanding European Smart Beta ETF range, we hope to provide a smart yet sophisticated solution to clients’ diversification needs. Over the coming months we will continue to draw on GSAM’s expertise and experience to broaden global clients’ access across asset classes and investment styles, in our bid to deliver superior risk-adjusted returns.”
Over the next six months, GSAM will continue to add to its European ETF fund range, providing access to a broad range of markets, asset classes and investment styles, based on investment strategies developed in-house, drawing on GSAM’s expertise and experience. The ETFs are designed to be complementary to GSAM’s active fund range and are intended to be combined together or used as part of broader, diversified portfolios to help clients optimise and simplify their existing investments.
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