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.
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