Goldman Sachs Asset Management (GSAM) has launched a suite of five exchange-traded funds (ETFs) that invest in the creators and adopters of innovation, across a range of sectors, market caps and geographies.
The ETFs seek to track indices created by Motif, a provider of systematic, data-driven indices and strategies.
The ETFs provide exposure to the themes that GSAM views as driving transformational changes to the global economy: Data-Driven World, Finance Reimagined, Human Evolution, Manufacturing Revolution and New Age Consumer. These funds leverage the asset management expertise of Goldman Sachs and the proprietary technology of Motif to provide exposure to technology-driven structural growth opportunities across various developed and emerging equity markets.
“Technology is impacting every aspect of our daily lives,” said Mike Crinieri, GSAM’s Global Head of ETF Strategy. “It has grown from a single sector to a key driver of every sector. We are delighted to offer investors the ability to invest in companies driving these transformational changes.”
The new Goldman Sachs Motif ETFs, which are available to investors on NYSE Arca at 50 basis points, are: GDAT – Goldman Sachs Motif Data-Driven World ETF; GFIN – Goldman Sachs Motif Finance Reimagined ETF; GDNA – Goldman Sachs Motif Human Evolution ETF; GMAN – Goldman Sachs Motif Manufacturing Revolution ETF; and GBUY – Goldman Sachs Motif New Age Consumer ETF.
“We’re bringing together human insight and data science by leveraging innovation to invest in innovation,” says Hardeep Walia, CEO and Founder of Motif. “Our proprietary approach identifies the companies that are creating or adopting innovative technology and quantifies their relevance. We’re excited to work with one of the world’s leading asset managers to deliver these unique investment products.”
To construct each index, Motif employs a rules-based methodology to analyse both traditional and alternative data in order to calculate a company’s ‘thematic beta’1 and quantify its exposure to a specific transformational change. Proprietary technology is used to select and weight securities in the index, based on their relevance and investability.