Get Cutting Edge Tech Stocks in Active ETF LOUP
Goldman Sachs Asset Management (GSAM) recently expanded its ETF lineup via the acquisition of Innovator ETFs. In addition to Innovator's notable suite of buffer ETFs, the deal also brings exciting active strategies like the Innovator Deepwater Frontier Tech ETF (LOUP), which focuses on cutting-edge tech stocks.
LOUP: A Thematic Growth Play Inferior To QQQ
LOUP offers exposure to 30 high achievers representing a few 'frontier technology' themes, including AI, EVs, fintech, etc. Despite its outstanding growth factor exposure and adequate quality, LOUP has underperformed IVV, QQQ, and SCHG since its inception. The ETF's high expense ratio and weak liquidity further reduce its long-term appeal compared to cheaper, more liquid alternatives like QQQ and SCHG.
LOUP: Innovation ETF Lagging The Sector Benchmark
Innovator Deepwater Frontier Tech ETF (LOUP) targets 30 frontier companies in AI, autonomous vehicles, fintech, robotics, and VR. The fund boasts superior value and growth metrics versus XLK, but has lagged it since inception despite recent outperformance. Among ETFs focused on innovative companies, TECB looks more compelling than LOUP based on track record, liquidity and fees.
