Goldman Sachs Innovate Equity ETF (GINN)
ARCA ARCA Primary Summary
GINN Chart
GINN: Why I'm Not Buying
The Goldman Sachs Innovate Equity ETF aims to profit from technological breakthroughs, but has underperformed compared to broader market indexes since its inception. GINN's top holdings resemble a standard S&P 500 fund, with significant exposure to mega-cap tech companies, limiting its innovation-focused appeal. Despite its diversified mandate, GINN has a high correlation to large-cap tech and charges a relatively high management fee of 50 basis points.
GINN: An Innovation Fund With Strong Portfolio Construction
Goldman Sachs Innovate Equity ETF seeks to invest in innovative businesses at the forefront of technological disruption. The GINN ETF has low weightings at the top, providing diversification and reducing concentration risk. GINN has outperformed the ARK Innovation ETF with less risk, making it an attractive option for investors interested in innovation.
Goldman Sachs Innovate Equity ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| LH Larry Herold Herold Advisors Inc. | 4,306 | $254,386.09 | $333,155.22 | $78,769.13 | 30.96% |
| HFA Highland Financial Advisors LLC Highland Financial Advisors LLC | 250,282 | $12.85M | $19.36M | $6.52M | 50.71% |
 Christopher C. Powers Farther Finance Advisors, LLC | 7,139 | $482,653.04 | $552,344.43 | $69,691.39 | 14.44% |
| BM Berkeley Meredith Hughes Financial Services LLC | 43,075 | $2.64M | $3.33M | $691,363.23 | 26.17% |
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Goldman Sachs Innovate Equity ETF Profile
| ARCA Exchange | US Country |
Overview
The company focuses on leveraging technological innovation to identify potential growth opportunities across the economy. It aims to deliver value to its investors by meticulously investing in securities that are part of an index specifically designed to highlight companies poised to benefit from technological advances and the consequential economic changes. This investment strategy underscores the company's commitment to staying on the forefront of technological trends and economic shifts, ensuring investors are well-positioned to capitalize on the evolving market landscape.
Products and Services
- Investment in Index Securities:
The core of the company's offerings centers around investment in securities that are included in its designated index. This approach ensures that the investments are aligned with companies that are considered to be at the forefront of technological innovation and the ensuing shifts in the global economy. By targeting these specific securities, the company aims to maximize returns for its investors by focusing on high-potential growth areas.
- Depositary Receipts Investments:
In addition to direct investments in indexed securities, the company also invests in depositary receipts. These represent securities included in the index but offer investors a diversified and often more accessible way to hold shares in foreign companies. This strategy enhances the global reach of the investment portfolio, tapping into innovation-driven companies worldwide and not just within a single domestic market.
- Exposure to Five Key Technological Themes:
The company's investment focus is divided into five critical themes believed to be pivotal drivers of economic change due to technological innovation. These themes guide the selection process for the index and, by extension, the company's investment strategy. This thematic approach ensures that the portfolio is well-balanced and captures a broad spectrum of innovation-driven growth opportunities across various sectors and geographies.
