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

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