The asset management arm of the leading global investment bank Goldman Sachs has partnered with investment strategist Motif for the launch of a new series of ETFs. The new products are structured with innovative indices powered by machine learning and artificial intelligence.
Listing on the NYSE and soon to go global, the range being named the next wave of innovation contains five newly issued ETFs:
- Goldman Sachs Motif Data Driven World ETF (GDAT)
- Goldman Sachs Motif Finance Reimagined ETF (GFIN)
- Goldman Sachs Motif Human Evolution ETF (GDNA)
- Goldman Sachs Motif Manufacturing Revolution ETF (GMAN)
- Goldman Sachs Motif New Age Consumer ETF (GBUY)
The five-strong range of ETFs incorporate Motif's multiple data sources with 25 innovations provided by Goldman Sachs.
A new objective has been set for the ETFs. Instead of investors trying to determine when to sell high, the ETFs are already designed to offer exposure to industries with promising earning potential as a result of the technological developments.
The Goldman Sachs Motif Data Driven World ETF offers investors exposure to companies in developed markets which work with electronically recorded data. This includes developing the lifecycle of the data such as the recording, transmission, storage and processing said data. These data solutions are being deployed to optimise business activities.
The Goldman Sachs Motif Finance Reimagined ETF offers investors exposure to companies which are enabling rapid technological changes within their respective industries. This includes the development of blockchain technology.
The Goldman Sachs Motif Human Evolution ETF offers exposure to companies benefiting from the development of new knowledge, medicines and technology and aiding the medical treatment of human health.
The Goldman Sachs Motif Manufacturing Revolution ETF offers exposure to companies to the manufacturing industry which is benefiting from technology transformation. This includes incorporating new technologies which optimises the manufacturing process.
The Goldman Sachs Motif New Age Consumer ETF offers exposure to companies which benefit from structural changes in the consumer market. These changes include demographics, technology and preferences.
All five ETFs have an ongoing charge of 0.5%.