Bringing you live news and features since 2006 

Solactive and Goldman Sachs Asset Management develop ARTIS-based global equity index for new Goldman Sachs ETF

RELATED TOPICS​

Solactive and Goldman Sachs Asset Management have developed the Solactive Innovative Global Equity Index, which will serve as the underlying for Goldman Sachs’ new Goldman Sachs Innovate Equity ETF.

The index takes into account five key disruptive themes that are redefining the business world, the global economy and society, and, therefore, the investment landscape. 

The Goldman Sachs Innovate Equity ETF combines five established Goldman Sachs ETFs that previously tackled technological innovations separately. From 9 November, the legacy ETFs will be reorganised and merged in the Goldman Sachs Innovate Equity ETF. The five topics ‘Data-Driven World’, ‘Finance Reimagined’, ‘Human Evolution’, ‘Manufacturing Revolution’, and ‘New Age Consumer’ encompass 23 subthemes, including, for example, E-Commerce, Artificial Intelligence, Blockchain, Genomics, and Robotics.

The selection of the Solactive Innovative Global Equity Index’s constituents is based on Solactive’s proprietary Natural Language Processing Engine ARTIS. ARTIS is utilising advanced algorithms to parse high volumes of public documents evaluating companies’ exposure to various themes or topics. The sophisticated procedure not only detects potential index constituents considering a firm’s exposure to a theme but also ranks its importance to the very subject or industry. The Solactive Innovative Global Equity Index itself is comprised of five equally-weighted indices that include companies from the aforementioned respective topics ‘Data-Driven World’, ‘Finance Reimagined’, ‘Human Evolution’, ‘Manufacturing Revolution’, and ‘New Age Consumer’.

“Technological progress is inevitable, and what seemed unimaginable years ago is, today, something we cannot live without. Therefore, we think it is crucial to create an index that reflects societal and technological changes from early on,” says Timo Pfeiffer, Chief Markets Officer at Solactive. “We are very fortunate that Goldman Sachs Asset Management regards in us a trusted provider that enables them to reach the goal of making future investment trends investible with their new ETF. We are looking forward to continuing our fruitful relationship with Goldman Sachs Asset Management.”

 

Latest News

Amundi’s ETF Market Flows Analysis for May finds that global ETF inflows were EUR105.1 billion with US-domiciled equity funds accounting..
MerQube has announced the appointment of Dave Mueller as Chief Financial Officer. Mueller brings 17 years experience operating in corporate..
Northern Trust Asset Management (NTAM), has announced that David Abner is joining as Head of Global ETFs and Funds...
Nvidia’s market cap surge to more than USD3 trillion making it the second most valuable company in the world almost..

Related Articles

CN Tower, Toronto
The winners were announced in the second ETF Express Canadian awards at the event held at The Quay in Toronto,...
Darren Johnson, Komainu
Custody specialist, Komainu, was launched in 2018 as a joint venture between Nomura, digital-asset investment manager, CoinShares and blockchain business,...
Stuart Chaussee
In January this year, global data and business intelligence platform, Statista reported that there are now more than 8000 ETFs...
Ethereum coin
Last week saw Australia launch spot bitcoin ETFs, with Matteo Greco, Research Analyst at Fineqia International, writing that Monochrome Asset...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by