$Goldman Sachs (GS.US)$ built out its thematic ETF lineup with the launch Thursday of three new funds -- the
$Goldman Sachs Etf Trust Goldman Sachs New Age Consumer Etf (GBUY.US)$,
$GOLDMAN SACHS FUTURE HEALTH CARE EQUITY ETF (GDOC.US)$ and the
$GOLDMAN SACHS FUTURE REAL ESTATE AND INFRASTRUCTURE EQUITY ETF (GREI.US)$ .
All three ETFs trade on the New York Stock Exchange and come with a 0.75% expense ratio. Below is a deeper dive into each:
Goldman Sachs Future Consumer Equity ETF
The Goldman Sachs Future Consumer Equity ETF (GBUY) provides exposure for individuals to the future of consumers.
The fund invests in companies that align with Millennial and Gen Z's interests, as they're some of the most influential and disruptive consumers in the market.
From a holdings standpoint, the fund comes with 45 positions and has as top holdings
$Amazon (AMZN.US)$ weighted at 6.3%,
$Alphabet-C (GOOG.US)$ at 5.3% and
$Sea (SE.US)$ weighted at 3.2%.
GBUY ended the day -0.33%.
Goldman Sachs Future Health Care Equity ETF
The Goldman Sachs Future Health Care Equity ETF (GDOC) gives market participants the ability to invest in the rapidly changing healthcare sector.
The ETF provides access to businesses involved in the disruption and innovation aspects of technology firms within healthcare.
Holdings-wise, GDOC has 63 unique positions that are led by Eli Lilly (NYSE:LLY)
$Eli Lilly and Co (LLY.US)$ weighted at 5%, Intuitive
$Intuitive Surgical (ISRG.US)$ at 3.8% and
$Revvity (PKI.US)$ weighted at 3.8%.
GDOC ended its first trading day +0.04%.
Goldman Sachs Future Real Estate and Infrastructure Equity ETF
The Goldman Sachs Future Real Estate and Infrastructure Equity ETF (GREI) provides exposure to the unique attributes of real estate and infrastructure.
The fund focuses on firms that offer strong growth potential, low correlations to traditional asset classes and inflation-hedging benefits while being on the right side of disruption.
GREI comes to market with 46 holdings and has top positions in Vinci
$Seabridge Gold (SA.US)$ weighted at 4.8%,
$American Tower Corp (AMT.US)$ at 4.8%, and
$National Grid (NGG.US)$ at 4.6%.
GREI finished Thursday +0.13%.
Popular Time for New Thematic ETFs
Goldman Sachs isn't the only firm growing its thematic ETF lineup. For instance, VanEck recently launched the VanEck Vectors Smart Home Active UCITS ETF.
A1EIIWLU1C : Funny, as I came here to add a comment about my annoyance with the word disruptive. "Innovative" used to do the trick, but apparently that isn't edgy enough.
oXrssHBsXw : Marketing-wise, this reminds me of the “Internet Tollkeeper Fund (GITAX)” I bought in ‘99. Fees were brutal.
Baby u : As GS shareholder I love it, 75 BPS ca-ching!, will not use it but there are plenty of managers and clients with plenty of cash who will.