Goldman Sachs Future Tech Leaders Equity ETF
The fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in equity investments in U.S. and non-U.S. technology companies. The fund adviser seeks to achieve the fund's investment objective by investing in technology companies that the adviser believes are driving technological innovation or benefitting from the enablement of technology, and have the potential to grow their business over many years. The fund is non-diversified.
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 6M SHOWN
Flows are quiet — the past month netted out near zero, while the price has returned +40.6% so far this year. At 0.75% a year it is not the cheapest way in — ESMV runs the same ground at 0.18%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
| 1 week | -5.9% |
| 1 month | +4.1% |
| 3 months | +1.2% |
| 6 months | +33.7% |
| YTD | +40.6% |
| 1 year | +58.5% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
| 1 week | — |
| 1 month | — |
| 3 months | — |
| YTD | — |
| 1 year | — |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Due diligence cuts both ways. These funds sit on the same shelf and beat GTEK on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| GLD SPDR Gold Shares | 0.40% | $146B | +$4.4B | -35bp on fee · 830× the assets · +$4.4B in over the month | Head-to-head |
| RING iShares MSCI Global Gold Miners ETF | 0.39% | $2.4B | −$386M | -36bp on fee · 14× the assets | Head-to-head |
| SLVP iShares MSCI Global Silver and Metals Miners ETF | 0.39% | $978M | −$10M | -36bp on fee · 6× the assets | Head-to-head |
| SLV iShares Silver Trust | 0.50% | $38.5B | — | -25bp on fee · 219× the assets | Head-to-head |