Goldman Sachs AM Converts Mutual Fund To ETF

Goldman Sachs Asset Management has just completed the conversion of their defensive equity strategy to launch the Goldman Sachs Defensive Equity ETF (GDEF), marking their first mutual fund to ETF conversion. GDEF plans to invest in U.S. large-cap equity securities that are within the range of the S&P 500 market cap. It does this by purchasing put options at higher price strikes and selling them on the same index at lower strike prices.

ETF Newz Says:

GDEF will have an expense ratio of 0.55% and is avail be for trade on the NYSE.

Heavily Traded ETFs
SPDR S&P 500 - SPY
Invesco QQQ
Vanguard S&P 500 - VOO
Vanguard Total Market - VTI
Energy Select Sector - XLE
Related

BNP Paribas Launches Sustainable Corporate Bond ETFs

BNP Paribas Asset Management has introduced two new exchange-traded funds (ETFs) focused on sustainable corporate bonds. The BNP...

BMO Launches Innovative Structured Outcome ETFs on Cboe Canada

BMO has partnered with Cboe Canada to introduce four new Exchange Traded Products (ETPs) catering to various investment...

ProShares Launches Groundbreaking Ether Strategy ETF and Dual Bitcoin-Ether ETFs

ProShares, a global leader in crypto-linked ETFs, is set to launch the ProShares Ether Strategy ETF (EETH), marking...

Bitwise Launches Ethereum Futures ETFs Amid Ethereum’s Surging Growth

Bitwise Asset Management, a leading crypto index fund manager in the United States, has announced the upcoming launch...